Renaissance Group LLC Increases Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Renaissance Group LLC boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 119,407 shares of the business services provider's stock after acquiring an additional 12,266 shares during the period. Renaissance Group LLC owned 0.07% of ExlService worth $5,299,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EXLS. Mather Group LLC. bought a new stake in shares of ExlService in the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC purchased a new position in ExlService in the 4th quarter valued at approximately $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 during the fourth quarter worth $58,000. Finally, UMB Bank n.a. boosted its holdings in shares of ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after acquiring an additional 288 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Price Performance

ExlService stock traded up $0.92 during mid-day trading on Friday, hitting $44.94. 1,369,818 shares of the company traded hands, compared to its average volume of 983,732. 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. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The stock has a fifty day moving average price of $47.53 and a 200-day moving average price of $45.45.

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ExlService (NASDAQ:EXLS - Get Free Report) last posted 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). The company had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other 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 transaction, the executive vice president now owns 40,986 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the 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 sale, the chief financial officer now owns 194,440 shares of the company's stock, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. Jefferies Financial Group increased their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Stifel Nicolaus boosted their price objective 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. Finally, Needham & Company LLC increased their target price 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.86.

ExlService 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.