Truist Financial Corp Boosts Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Truist Financial Corp lifted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 56.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,053 shares of the business services provider's stock after purchasing an additional 7,579 shares during the period. Truist Financial Corp's holdings in ExlService were worth $934,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in EXLS. CIBC Asset Management Inc bought a new stake in ExlService in the 4th quarter valued at $228,000. Principal Financial Group Inc. lifted its stake in shares of ExlService by 0.8% in the fourth quarter. Principal Financial Group Inc. now owns 440,393 shares of the business services provider's stock valued at $19,545,000 after buying an additional 3,508 shares during the period. New York State Teachers Retirement System grew its position in ExlService by 2.1% during the fourth quarter. New York State Teachers Retirement System now owns 39,837 shares of the business services provider's stock worth $1,768,000 after buying an additional 830 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in ExlService by 33.9% in the 4th quarter. V Square Quantitative Management LLC now owns 10,020 shares of the business services provider's stock valued at $445,000 after acquiring an additional 2,538 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in ExlService by 31.0% in the 4th quarter. Van ECK Associates Corp now owns 141,884 shares of the business services provider's stock valued at $6,297,000 after buying an additional 33,589 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

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Analyst Upgrades and Downgrades

EXLS has been the subject of a number of recent analyst reports. 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 report on Thursday, February 27th. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. Jefferies Financial Group raised their price objective on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus increased their price target on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and a consensus price target of $47.38.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,793 shares of company stock worth $1,852,461. 4.16% of the stock is owned by corporate insiders.

ExlService Trading Up 1.1 %

ExlService stock traded up $0.51 during trading hours on Wednesday, reaching $47.46. The stock had a trading volume of 1,096,808 shares, compared to its average volume of 1,114,945. The company has a fifty day simple moving average of $48.23 and a 200-day simple moving average of $43.48. The stock has a market cap of $7.70 billion, a PE ratio of 41.63, a PEG ratio of 2.11 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $52.43.

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 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 business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. Analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS 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.