Bridge City Capital LLC Increases Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB raised its stake in ExlService by 313.9% during 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 buying an additional 1,664,400 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of ExlService in the fourth quarter worth $52,852,000. Loomis Sayles & Co. L P purchased a new stake in ExlService during the third quarter valued at $17,198,000. American Century Companies Inc. lifted its holdings in ExlService by 204.2% in the fourth quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider's stock valued at $27,055,000 after acquiring an additional 409,242 shares during the period. Finally, Tredje AP fonden purchased a new position in ExlService in the fourth quarter worth about $9,320,000. Institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

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

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ExlService Price Performance

ExlService stock traded up $0.72 during mid-day trading on Tuesday, hitting $47.20. The stock had a trading volume of 1,040,041 shares, compared to its average volume of 937,394. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. 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 firm has a market capitalization of $7.66 billion, a P/E ratio of 41.40, a P/E/G ratio of 2.11 and a beta of 1.10. The firm's 50 day moving average is $48.70 and its 200 day moving average is $44.52.

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 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 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, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Anita Mahon sold 10,558 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the sale, the executive vice president now owns 94,443 shares in the company, 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 have sold a total of 47,351 shares of company stock worth $2,337,284 over the last quarter. Insiders own 4.16% of the company's stock.

ExlService Company 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.