2Xideas AG Buys New Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

2Xideas AG acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 322,481 shares of the business services provider’s stock, valued at approximately $14,312,000. ExlService comprises approximately 1.9% of 2Xideas AG’s portfolio, making the stock its 15th largest position. 2Xideas AG owned approximately 0.20% of ExlService at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXLS. Mather Group LLC. bought a new stake in ExlService in the fourth quarter valued at about $25,000. Kestra Investment Management LLC acquired a new position in shares of ExlService in the 4th quarter worth approximately $26,000. USA Financial Formulas acquired a new position in shares of ExlService in the 4th quarter worth approximately $58,000. VisionPoint Advisory Group LLC bought a new position in shares of ExlService during the 4th quarter worth approximately $58,000. Finally, UMB Bank n.a. boosted its stake in ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after buying an additional 288 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Performance

EXLS stock opened at $42.86 on Friday. The stock has a market capitalization of $6.96 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a 50 day moving average price of $48.48 and a 200 day moving average price of $45.13. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 10.61% and a return on equity of 23.23%. Analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

EXLS has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC lifted their price target on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.86.

Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction on 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 directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock worth $2,337,284 in the last quarter. 4.16% of the stock is owned by company insiders.

ExlService Company 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.