Pier Capital LLC Has $10.16 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Pier Capital LLC lifted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,856 shares of the business services provider’s stock after purchasing an additional 4,732 shares during the period. ExlService accounts for 1.4% of Pier Capital LLC’s portfolio, making the stock its 13th largest holding. Pier Capital LLC owned 0.14% of ExlService worth $10,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EXLS. Walleye Capital LLC acquired a new position in ExlService during the third quarter worth approximately $1,543,000. PEAK6 Investments LLC bought a new position in shares of ExlService during the 3rd quarter worth approximately $484,000. Smith Group Asset Management LLC raised its stake in ExlService by 1.9% in the 4th quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider’s stock valued at $18,755,000 after acquiring an additional 7,694 shares during the period. Proficio Capital Partners LLC acquired a new stake in ExlService during the 4th quarter valued at $8,682,000. Finally, BNP Paribas Financial Markets boosted its position in ExlService by 28.0% during the third quarter. BNP Paribas Financial Markets now owns 230,410 shares of the business services provider’s stock worth $8,790,000 after purchasing an additional 50,399 shares during the period. 92.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXLS has been the topic of several research analyst reports. Jefferies Financial Group increased their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Stifel Nicolaus raised their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC boosted their price objective on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

Insider Buying and Selling at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock worth $2,337,284 over the last three months. Corporate insiders own 4.16% of the company’s stock.

ExlService Stock Performance

EXLS opened at $46.48 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43. The firm has a market cap of $7.54 billion, a P/E ratio of 40.77, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The business’s fifty day moving average is $48.70 and its 200-day moving average is $44.52.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The firm had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

ExlService Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.