Linden Thomas Advisory Services LLC Makes New $249,000 Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Linden Thomas Advisory Services LLC bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,067 shares of the business services provider’s stock, valued at approximately $249,000.

Several other institutional investors also recently modified their holdings of the business. Tandem Investment Advisors Inc. lifted its holdings in ExlService by 4.0% in the fourth quarter. Tandem Investment Advisors Inc. now owns 8,579 shares of the business services provider’s stock valued at $265,000 after buying an additional 333 shares during the period. RiverPark Advisors LLC lifted its stake in shares of ExlService by 65.2% in the 4th quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 503 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of ExlService by 439.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after purchasing an additional 857 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of ExlService by 1.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 56,554 shares of the business services provider’s stock worth $1,745,000 after purchasing an additional 858 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of ExlService by 0.3% during the fourth quarter. California Public Employees Retirement System now owns 274,616 shares of the business services provider’s stock worth $8,472,000 after purchasing an additional 950 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup reduced their target price on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of ExlService in a research note on Friday, March 1st. TD Cowen boosted their price objective on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.14.

Insider Buying and Selling

In other ExlService news, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total value of $748,677.60. Following the sale, the executive vice president now owns 127,046 shares of the company’s stock, valued at approximately $4,003,219.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the transaction, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 9,259 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares in the company, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. Company insiders own 3.75% of the company’s stock.

ExlService Trading Up 0.2 %

NASDAQ:EXLS opened at $29.36 on Friday. The business’s 50-day simple moving average is $30.67 and its 200-day simple moving average is $29.82. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $35.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market capitalization of $4.87 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.53 and a beta of 0.97.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a net margin of 11.32% and a return on equity of 22.83%. The company had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.3 earnings per share 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.