MetLife Investment Management LLC Increases Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

MetLife Investment Management LLC lifted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 7.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 182,548 shares of the business services provider's stock after acquiring an additional 12,454 shares during the quarter. MetLife Investment Management LLC owned approximately 0.11% of ExlService worth $8,101,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EXLS. Proficio Capital Partners LLC purchased a new position in shares of ExlService in the fourth quarter worth about $8,682,000. Smith Group Asset Management LLC lifted its position in shares of ExlService by 1.9% during the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider's stock worth $18,755,000 after acquiring an additional 7,694 shares in the last quarter. Oak Ridge Investments LLC boosted its holdings in shares of ExlService by 3.1% in the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider's stock worth $14,697,000 after acquiring an additional 9,859 shares during the period. MML Investors Services LLC grew its position in shares of ExlService by 23.2% in the third quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider's stock valued at $397,000 after purchasing an additional 1,959 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of ExlService by 62.6% during the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock valued at $17,040,000 after purchasing an additional 171,912 shares during the period. Hedge funds and other institutional investors own 92.92% of the company's stock.

ExlService Price Performance

NASDAQ:EXLS traded down $0.39 during mid-day trading on Friday, reaching $44.43. The stock had a trading volume of 1,546,014 shares, compared to its average volume of 996,073. The stock has a market capitalization of $7.21 billion, a P/E ratio of 38.97, a P/E/G ratio of 2.11 and a beta of 0.91. The firm has a 50 day moving average price of $46.21 and a two-hundred day moving average price of $45.79. 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 one year low of $28.59 and a one 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 the consensus estimate of $0.42 by ($0.08). The business had revenue of $481.43 million for 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, 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 research firms have weighed in on EXLS. StockNews.com lowered ExlService from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Needham & Company LLC upped 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. Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group lifted their price objective on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.86.

Insider Activity at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the business's stock in a transaction dated 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 owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay Ayyappan sold 4,989 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total transaction of $252,942.30. Following the sale, the executive vice president now owns 40,986 shares of the company's stock, 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. Insiders sold 47,351 shares of company stock worth $2,337,284 in the last ninety days. 4.16% of the stock is owned by company insiders.

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.