Intech Investment Management LLC Raises Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Intech Investment Management LLC boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 95.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,107 shares of the business services provider's stock after buying an additional 29,803 shares during the period. Intech Investment Management LLC's holdings in ExlService were worth $2,712,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its holdings in ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider's stock worth $222,693,000 after buying an additional 59,196 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of ExlService by 3.6% during the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider's stock valued at $165,083,000 after purchasing an additional 149,856 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in ExlService by 313.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after purchasing an additional 1,664,400 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in ExlService by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider's stock worth $82,448,000 after purchasing an additional 9,775 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in ExlService in the 4th quarter valued at about $52,852,000. 92.92% of the stock is owned by institutional investors.

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ExlService Price Performance

Shares of ExlService stock traded up $0.14 on Monday, reaching $46.48. The stock had a trading volume of 1,514,012 shares, compared to its average volume of 938,104. The business's 50 day moving average is $48.69 and its two-hundred day moving average is $44.44. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $52.43. The company has a market cap of $7.54 billion, a P/E ratio of 40.77, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10.

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

Insider Buying and Selling

In other news, EVP Ajay Ayyappan sold 16,186 shares of the business's stock in a transaction dated Monday, February 10th. The stock was 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 owns 40,986 shares of the company's stock, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 directly owns 94,443 shares in the company, valued at $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock worth $2,337,284 over the last ninety days. 4.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.