ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Renaissance Group LLC

Renaissance Group LLC boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.7% during the 4th quarter, HoldingsChannel reports. The firm owned 58,728 shares of the business services provider’s stock after purchasing an additional 2,103 shares during the period. Renaissance Group LLC’s holdings in ExlService were worth $1,814,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. grew its position in ExlService by 1,301.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider’s stock worth $2,645,000 after purchasing an additional 79,606 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of ExlService by 19.4% in the fourth quarter. Boston Trust Walden Corp now owns 3,725,199 shares of the business services provider’s stock valued at $114,922,000 after acquiring an additional 606,215 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of ExlService by 398.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,000 shares of the business services provider’s stock valued at $10,823,000 after acquiring an additional 308,618 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of ExlService by 402.9% in the third quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock valued at $472,045,000 after acquiring an additional 13,487,495 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of ExlService by 422.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 57,775 shares of the business services provider’s stock valued at $1,627,000 after acquiring an additional 46,717 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Down 0.3 %

EXLS traded down $0.08 during midday trading on Tuesday, hitting $30.91. 217,988 shares of the company’s stock traded hands, compared to its average volume of 968,337. The company has a market cap of $5.02 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00. The stock’s fifty day simple moving average is $30.38 and its 200-day simple moving average is $30.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.54. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $33.40.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a net margin of 10.92% and a return on equity of 23.13%. The company had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the sale, the executive vice president now owns 50,693 shares in the company, valued at $1,601,391.87. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other ExlService news, CFO Maurizio Nicolelli sold 12,000 shares of ExlService stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total transaction of $367,920.00. Following the completion of the transaction, the chief financial officer now directly owns 138,985 shares of the company’s stock, valued at $4,261,280.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,019 shares of company stock worth $2,782,339. Insiders own 3.75% of the company’s stock.

Wall Street Analysts Forecast Growth

EXLS has been the subject of a number of research reports. TD Cowen lifted their target price on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $34.00 to $40.00 in a report on Wednesday, May 8th. Citigroup decreased their price objective on shares of ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.00.

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.