ExlService Holdings, Inc. (NASDAQ:EXLS) is Bridge City Capital LLC's 10th Largest Position

Bridge City Capital LLC boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 165,879 shares of the business services provider's stock after purchasing an additional 12,462 shares during the period. ExlService makes up approximately 2.0% of Bridge City Capital LLC's portfolio, making the stock its 10th biggest holding. Bridge City Capital LLC owned 0.10% of ExlService worth $7,362,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Handelsbanken Fonder AB lifted its stake in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after purchasing an additional 1,664,400 shares during the period. Raymond James Financial Inc. purchased a new position in ExlService in the fourth quarter valued at $52,852,000. Loomis Sayles & Co. L P acquired a new position in shares of ExlService in the third quarter worth about $17,198,000. American Century Companies Inc. boosted its stake in shares of ExlService by 204.2% during the 4th quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider's stock worth $27,055,000 after acquiring an additional 409,242 shares in the last quarter. Finally, Tredje AP fonden acquired a new stake in shares of ExlService during the 4th quarter valued at about $9,320,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EXLS shares. Stifel Nicolaus upped their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Finally, Needham & Company LLC upped their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $47.38.

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ExlService Price Performance

NASDAQ EXLS traded down $0.11 during mid-day trading on Thursday, hitting $47.07. The stock had a trading volume of 652,026 shares, compared to its average volume of 936,783. The firm's 50 day moving average is $48.74 and its 200 day moving average is $44.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In related 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 approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. The trade was a 28.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is currently owned by company insiders.

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.