Mirae Asset Global Investments Co. Ltd. Has $2.27 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,706 shares of the business services provider’s stock after purchasing an additional 2,431 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ExlService were worth $2,274,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Boston Trust Walden Corp raised its position in ExlService by 19.4% during 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 buying an additional 606,215 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in ExlService by 398.8% during 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 buying an additional 308,618 shares during the period. Vanguard Group Inc. raised its position in ExlService by 402.9% during 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 buying an additional 13,487,495 shares during the period. DekaBank Deutsche Girozentrale increased its position in ExlService by 422.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 57,775 shares of the business services provider’s stock worth $1,627,000 after purchasing an additional 46,717 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in ExlService by 400.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider’s stock worth $123,146,000 after purchasing an additional 3,513,403 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Performance

EXLS opened at $29.32 on Friday. The company has a market cap of $4.86 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.54 and a beta of 0.97. The stock has a 50-day moving average of $30.75 and a 200-day moving average of $29.78. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $35.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $414.06 million for the quarter, compared to the consensus estimate of $408.56 million. ExlService had a return on equity of 22.83% and a net margin of 11.32%. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.3 earnings per share for the current fiscal year.

Insider Activity at ExlService

In related news, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the sale, the executive vice president now owns 127,046 shares in the company, valued at approximately $4,003,219.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the sale, the executive vice president now owns 127,046 shares in the company, valued at approximately $4,003,219.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on EXLS. TD Cowen upped their target price on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Citigroup raised ExlService from a “neutral” rating to a “buy” rating and upped their target price for the stock from $29.00 to $36.00 in a research report on Wednesday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of ExlService in a research report on Friday, March 1st. Finally, StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and an average price target of $36.00.

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.