Raymond James Financial Services Advisors Inc. Lowers Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Raymond James Financial Services Advisors Inc. lessened its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,826 shares of the business services provider’s stock after selling 769 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in ExlService were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. FinTrust Capital Advisors LLC purchased a new stake in ExlService during the third quarter valued at about $29,000. Public Employees Retirement System of Ohio lifted its position in 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 buying an additional 857 shares during the last quarter. Operose Advisors LLC purchased a new stake in ExlService in the third quarter worth approximately $38,000. RiverPark Advisors LLC grew its position in ExlService by 65.2% during the fourth quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 503 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of ExlService by 944.3% during the third quarter. Fifth Third Bancorp now owns 1,556 shares of the business services provider’s stock worth $44,000 after acquiring an additional 1,407 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of research reports. TD Cowen upped 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. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of ExlService in a research note on Friday, March 1st. Citigroup decreased their price objective on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Monday. Finally, StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.14.

Insider Activity at ExlService

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

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $29.62 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.53 and a beta of 0.97. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $35.94. The company has a 50-day moving average price of $30.72 and a 200-day moving average price of $29.82.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data 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 return on equity of 22.83% and a net margin of 11.32%. The business had revenue of $414.06 million during the quarter, compared to analysts’ expectations of $408.56 million. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.3 EPS for the current 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.