Choreo LLC Invests $343,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Choreo LLC bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,106 shares of the business services provider’s stock, valued at approximately $343,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its position in shares of ExlService by 1,301.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider’s stock worth $2,645,000 after acquiring an additional 79,606 shares in the last quarter. Boston Trust Walden Corp raised its position in ExlService by 19.4% in the fourth quarter. Boston Trust Walden Corp now owns 3,725,199 shares of the business services provider’s stock valued at $114,922,000 after purchasing an additional 606,215 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of ExlService by 398.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,000 shares of the business services provider’s stock worth $10,823,000 after purchasing an additional 308,618 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of ExlService by 402.9% in the third quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock worth $472,045,000 after buying an additional 13,487,495 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of ExlService by 422.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 57,775 shares of the business services provider’s stock valued at $1,627,000 after buying an additional 46,717 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Wedbush reiterated a “neutral” rating and issued a $34.00 price objective on shares of ExlService in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of ExlService in a research note on Friday. Citigroup cut their price target on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, TD Cowen increased their price objective on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and an average target price of $36.14.

ExlService Trading Down 1.3 %

NASDAQ:EXLS opened at $29.65 on Friday. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.52 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. ExlService Holdings, Inc. has a 1 year low of $25.17 and a 1 year high of $34.41. The business has a fifty day moving average of $30.54 and a 200-day moving average of $29.83.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $408.56 million. Equities analysts predict that ExlService Holdings, Inc. will post 1.3 earnings per share for the current year.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was 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 directly owns 50,693 shares in the company, valued at $1,601,391.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction dated 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 directly owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction that occurred on 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 approximately $4,003,219.46. The disclosure for this sale can be found here. Company insiders own 3.75% of the company’s stock.

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.