67,014 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 67,014 shares of the business services provider's stock, valued at approximately $2,974,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. bought a new stake 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 worth $26,000. USA Financial Formulas bought a new stake in ExlService during the 4th quarter valued at $58,000. VisionPoint Advisory Group LLC purchased a new stake in shares of ExlService in the 4th quarter worth $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 worth $85,000 after buying an additional 288 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EXLS shares. Needham & Company LLC lifted their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group boosted their price target on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $48.86.

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Insider Transactions at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were 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 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 disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock valued at $2,337,284 in the last quarter. 4.16% of the stock is currently owned by corporate insiders.

ExlService Stock Down 1.5 %

Shares of NASDAQ:EXLS traded down $0.63 during trading on Monday, reaching $42.23. The stock had a trading volume of 2,563,503 shares, compared to its average volume of 986,520. The firm's 50-day simple moving average is $48.33 and its 200 day simple moving average is $45.23. 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 one year low of $28.59 and a one year high of $52.43. The company has a market capitalization of $6.85 billion, a P/E ratio of 37.04, a PEG ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share 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 firm had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. As a group, research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.