Schroder Investment Management Group Has $30.09 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Schroder Investment Management Group lifted its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 679,837 shares of the business services provider's stock after acquiring an additional 43,940 shares during the period. Schroder Investment Management Group owned about 0.42% of ExlService worth $30,090,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EXLS. BNP Paribas Financial Markets grew its position in ExlService by 28.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 230,410 shares of the business services provider's stock worth $8,790,000 after purchasing an additional 50,399 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in shares of ExlService in the third quarter worth $484,000. Walleye Capital LLC purchased a new position in shares of ExlService during the third quarter valued at $1,543,000. Quantinno Capital Management LP raised its position in ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock valued at $597,000 after buying an additional 359 shares during the period. Finally, Stifel Financial Corp lifted its stake in ExlService by 38.1% in the 3rd quarter. Stifel Financial Corp now owns 81,359 shares of the business services provider's stock worth $3,104,000 after acquiring an additional 22,435 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Down 7.0 %

EXLS stock traded down $3.22 during trading hours on Friday, hitting $42.86. The company's stock had a trading volume of 2,021,148 shares, compared to its average volume of 980,212. The stock has a 50 day moving average price of $48.48 and a two-hundred day moving average price of $45.19. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43. The company has a market capitalization of $6.96 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

Remove Ads

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus upped their target price on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Needham & Company LLC increased their target price 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. Finally, StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $48.86.

Insider Activity

In other news, EVP Anita Mahon sold 10,558 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,351 shares of company stock valued at $2,337,284. Insiders own 4.16% of the company's stock.

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.