Vanguard Group Inc. Has $699.93 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Vanguard Group Inc. raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,771,191 shares of the business services provider's stock after purchasing an additional 215,485 shares during the period. Vanguard Group Inc. owned about 9.80% of ExlService worth $699,925,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EXLS. Mather Group LLC. acquired a new stake in shares of ExlService during the 4th quarter valued at approximately $25,000. Kestra Investment Management LLC acquired a new stake in shares of ExlService during the fourth quarter worth $26,000. USA Financial Formulas bought a new position in shares of ExlService in the 4th quarter worth about $58,000. VisionPoint Advisory Group LLC acquired a new position in shares of ExlService in the 4th quarter valued at about $58,000. Finally, UMB Bank n.a. grew its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after buying an additional 288 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Needham & Company LLC raised their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group upped their price objective on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Stifel Nicolaus raised their target price on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, StockNews.com raised 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 given a buy rating to the company's stock. According to data from MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and an average price target of $48.86.

Remove Ads

ExlService Price Performance

EXLS traded down $3.22 on Friday, reaching $42.86. The company had a trading volume of 2,021,148 shares, compared to its average volume of 987,625. The company has a market capitalization of $6.96 billion, a P/E ratio of 37.60, a PEG ratio of 2.11 and a beta of 0.91. 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 company has a fifty day moving average of $48.48 and a 200-day moving average of $45.07. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last posted 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). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity 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 Ajay Ayyappan sold 16,186 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company's stock, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. Corporate 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.