ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 66.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 164,005 shares of the business services provider's stock after buying an additional 65,268 shares during the quarter. Sei Investments Co. owned approximately 0.10% of ExlService worth $7,279,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Mather Group LLC. bought a new position in ExlService in the 4th quarter worth $25,000. Kestra Investment Management LLC bought a new position in shares of ExlService in the fourth quarter worth about $26,000. USA Financial Formulas purchased a new position in shares of ExlService during the 4th quarter valued at $58,000. VisionPoint Advisory Group LLC purchased a new position in shares of ExlService in the fourth quarter valued at about $58,000. Finally, UMB Bank n.a. boosted its stake in ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after purchasing an additional 288 shares during the period. 92.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Anita Mahon sold 10,558 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company's stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock worth $2,337,284 in the last three months. Corporate insiders own 4.16% of the company's stock.

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Wall Street Analysts Forecast Growth

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

ExlService Trading Down 7.0 %

NASDAQ EXLS traded down $3.22 during trading on Friday, hitting $42.86. The stock had a trading volume of 2,021,148 shares, compared to its average volume of 980,212. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 37.60, a P/E/G ratio of 2.11 and a beta of 0.91. The stock has a 50 day simple moving average of $48.48 and a 200 day simple moving average of $45.13. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43. 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 (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data 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). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.