Aristides Capital LLC Has $316,000 Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Aristides Capital LLC raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,125 shares of the business services provider’s stock after acquiring an additional 923 shares during the period. Aristides Capital LLC’s holdings in ExlService were worth $316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EXLS. Proficio Capital Partners LLC acquired a new position in ExlService in the fourth quarter valued at about $8,682,000. Smith Group Asset Management LLC increased its holdings 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 buying an additional 7,694 shares during the period. Oak Ridge Investments LLC raised its position in shares of ExlService by 3.1% in the 4th quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider’s stock valued at $14,697,000 after buying an additional 9,859 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of ExlService by 23.2% during the 3rd quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider’s stock worth $397,000 after acquiring an additional 1,959 shares during the period. Finally, Barclays PLC boosted its position in shares of ExlService by 62.6% during the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after acquiring an additional 171,912 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock valued at $2,337,284 over the last ninety days. 4.16% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Needham & Company LLC upped their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group upped their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Stifel Nicolaus lifted their target price on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com raised shares of 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.86.

ExlService Stock Down 7.0 %

NASDAQ:EXLS opened at $42.86 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43. The firm’s 50 day simple moving average is $48.48 and its 200 day simple moving average is $45.19. The company has a market cap of $6.96 billion, a PE ratio of 37.60, a P/E/G ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). The business had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

About ExlService

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.