ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,771,191 shares of the business services provider’s stock after buying an additional 215,485 shares during the quarter. Vanguard Group Inc. owned about 9.80% of ExlService worth $699,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridge City Capital LLC increased its position in shares of ExlService by 8.1% during the 4th quarter. Bridge City Capital LLC now owns 165,879 shares of the business services provider’s stock valued at $7,362,000 after purchasing an additional 12,462 shares during the period. LPL Financial LLC grew its holdings in ExlService by 5.7% during the fourth quarter. LPL Financial LLC now owns 170,516 shares of the business services provider’s stock worth $7,764,000 after acquiring an additional 9,217 shares during the period. Fox Run Management L.L.C. bought a new stake in ExlService in the fourth quarter worth about $835,000. KLP Kapitalforvaltning AS bought a new stake in ExlService in the fourth quarter worth about $1,722,000. Finally, Hillsdale Investment Management Inc. lifted its holdings in ExlService by 51,777.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 93,380 shares of the business services provider’s stock valued at $4,144,000 after acquiring an additional 93,200 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on EXLS shares. Jefferies Financial Group boosted their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Stifel Nicolaus raised 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. Finally, Needham & Company LLC upped their target price on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

ExlService Stock Down 0.6 %

NASDAQ:EXLS opened at $46.80 on Monday. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 41.05, a PEG ratio of 2.11 and a beta of 1.10. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $48.73 and its 200 day moving average price is $44.83.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The business had revenue of $481.43 million during 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%. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock valued at $2,337,284 in the last quarter. Company insiders own 4.16% 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.