ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 793,135 shares of the business services provider's stock after purchasing an additional 30,321 shares during the quarter. Bessemer Group Inc. owned about 0.49% of ExlService worth $35,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXLS. Raymond James Financial Inc. purchased a new position in ExlService during the 4th quarter worth $52,852,000. Renaissance Group LLC grew its stake in shares of ExlService by 11.4% during the fourth quarter. Renaissance Group LLC now owns 119,407 shares of the business services provider's stock worth $5,299,000 after acquiring an additional 12,266 shares during the last quarter. Invesco Ltd. increased its holdings in shares of ExlService by 127.7% during the fourth quarter. Invesco Ltd. now owns 701,623 shares of the business services provider's stock valued at $31,138,000 after acquiring an additional 393,439 shares in the last quarter. Bank of Montreal Can raised its position in shares of ExlService by 9.7% in the 4th quarter. Bank of Montreal Can now owns 27,115 shares of the business services provider's stock valued at $1,203,000 after purchasing an additional 2,397 shares during the last quarter. Finally, FMR LLC raised its position in shares of ExlService by 39.4% in the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after purchasing an additional 2,647,937 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

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ExlService Price Performance

ExlService stock traded up $0.34 during trading on Tuesday, reaching $45.81. The company had a trading volume of 254,713 shares, compared to its average volume of 982,724. The firm has a market capitalization of $7.44 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The firm's 50-day simple moving average is $47.41 and its 200 day simple moving average is $45.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 1-year low of $28.59 and a 1-year high of $52.43.

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

Insider Buying and Selling at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, 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 SEC, which is available through this hyperlink. Also, EVP Ajay Ayyappan sold 4,989 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total value of $252,942.30. Following the transaction, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,077,990.20. This represents a 10.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,351 shares of company stock worth $2,337,284. Corporate insiders own 4.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EXLS shares. Needham & Company LLC upped their price target on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group upped 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. Stifel Nicolaus lifted their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered ExlService from a "buy" rating to a "hold" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $48.86.

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.