Mitsubishi UFJ Asset Management Co. Ltd. Has $669,000 Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 389.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,953 shares of the business services provider's stock after acquiring an additional 11,901 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in ExlService were worth $669,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of ExlService by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock worth $699,925,000 after acquiring an additional 215,485 shares in the last quarter. State Street Corp lifted its stake in shares of ExlService by 1.0% in 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 during the last quarter. Geode Capital Management LLC grew its stake in ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider's stock valued at $165,083,000 after buying an additional 149,856 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after acquiring an additional 1,664,400 shares during the period. Finally, Raymond James Financial Inc. bought a new position in ExlService in the 4th quarter worth $52,852,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at ExlService

In related news, 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 transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction dated 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 in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock worth $2,337,284 over the last ninety days. Corporate insiders own 4.16% of the company's stock.

Wall Street Analyst Weigh In

EXLS has been the topic of several research analyst reports. Jefferies Financial Group raised 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. Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Needham & Company LLC lifted their target price on 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 raised ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.86.

ExlService Price Performance

EXLS stock traded down $0.63 during trading on Monday, hitting $42.23. The company had a trading volume of 2,563,503 shares, compared to its average volume of 986,520. The company has a fifty day moving average price of $48.33 and a two-hundred day moving average price of $45.23. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. The company has a market cap of $6.85 billion, a P/E ratio of 37.04, a P/E/G 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.

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 net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. Equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.