Prudential Financial Inc. Raises Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Prudential Financial Inc. boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 60.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,735 shares of the business services provider's stock after purchasing an additional 46,593 shares during the quarter. Prudential Financial Inc. owned about 0.08% of ExlService worth $5,491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of ExlService by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after buying an additional 215,485 shares during the last quarter. State Street Corp grew its stake in ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider's stock valued at $222,693,000 after acquiring an additional 59,196 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 acquiring an additional 149,856 shares during the last quarter. Handelsbanken Fonder AB lifted its stake 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 purchasing an additional 1,664,400 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of ExlService during the 4th quarter worth approximately $52,852,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

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ExlService Trading Down 7.0 %

Shares of NASDAQ EXLS traded down $3.22 during mid-day trading on Friday, reaching $42.86. 2,021,148 shares of the company's stock were exchanged, compared to its average volume of 980,212. The company's 50-day moving average is $48.48 and its 200-day moving average is $45.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a 52-week low of $28.59 and a 52-week high of $52.43.

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

Insider Buying and Selling at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the company'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 sale, the executive vice president now directly owns 94,443 shares of the company's stock, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock valued at $2,337,284 over the last quarter. 4.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EXLS has been the subject of several recent research reports. Needham & Company LLC increased their price target 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 raised their target price on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Finally, Stifel Nicolaus upped 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $48.86.

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.