Vanguard Group Inc. Has $699.93 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Vanguard Group Inc. raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 15,771,191 shares of the business services provider’s stock after purchasing an additional 215,485 shares during the quarter. Vanguard Group Inc. owned about 0.10% of ExlService worth $699,925,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of ExlService during the 4th quarter worth $25,000. Kestra Investment Management LLC bought a new stake in ExlService during the fourth quarter valued at about $26,000. USA Financial Formulas acquired a new stake in shares of ExlService in the fourth quarter valued at about $58,000. VisionPoint Advisory Group LLC acquired a new stake in shares of ExlService in the fourth quarter valued at about $58,000. Finally, UMB Bank n.a. increased its stake 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 purchasing an additional 288 shares during the period. Institutional investors own 92.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on EXLS. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Jefferies Financial Group increased their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Needham & Company LLC boosted 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. Finally, Stifel Nicolaus increased their price target on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.38.

Insider Activity

In related news, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,110,779. The trade was a 28.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares of the company’s stock, valued at $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,351 shares of company stock worth $2,337,284. Company insiders own 4.16% of the company’s stock.

ExlService Stock Down 0.6 %

EXLS opened at $46.80 on Monday. The company has a market capitalization of $7.60 billion, a P/E ratio of 41.05, a P/E/G ratio of 2.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm’s fifty day moving average price is $48.73 and its two-hundred day moving average price is $44.83. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share 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 for the quarter, compared to analyst estimates of $475.68 million. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current 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.