KLP Kapitalforvaltning AS Makes New $1.72 Million Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

KLP Kapitalforvaltning AS purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 38,800 shares of the business services provider's stock, valued at approximately $1,722,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mather Group LLC. bought a new position in shares of ExlService during the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC purchased a new position in ExlService during the 4th quarter valued at $26,000. VisionPoint Advisory Group LLC bought a new position in ExlService in the 4th quarter worth $58,000. USA Financial Formulas bought a new position in ExlService in the 4th quarter worth $58,000. Finally, UMB Bank n.a. boosted its stake 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 purchasing an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

ExlService Stock Up 0.8 %

ExlService stock traded up $0.38 during mid-day trading on Wednesday, hitting $48.16. The company had a trading volume of 1,048,540 shares, compared to its average volume of 985,396. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month 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 stock's 50 day moving average price is $48.66 and its two-hundred day moving average price is $45.01. The company has a market capitalization of $7.82 billion, a PE ratio of 42.25, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91.

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ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the 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 sale, the executive vice president now directly owns 94,443 shares of the company's stock, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction dated Monday, February 10th. The stock was 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 owns 40,986 shares of the company's stock, valued at $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock valued at $2,337,284 over the last 90 days. Corporate 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.