Wells Fargo & Company MN Grows Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Wells Fargo & Company MN raised its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 32.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 398,886 shares of the business services provider’s stock after purchasing an additional 98,493 shares during the period. Wells Fargo & Company MN owned 0.25% of ExlService worth $17,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quantinno Capital Management LP raised its stake in ExlService by 2.3% in the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock valued at $597,000 after buying an additional 359 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of ExlService by 38.1% during the third quarter. Stifel Financial Corp now owns 81,359 shares of the business services provider’s stock valued at $3,104,000 after acquiring an additional 22,435 shares in the last quarter. Wolverine Trading LLC purchased a new position in shares of ExlService in the 3rd quarter valued at approximately $327,000. MML Investors Services LLC boosted its stake in ExlService by 23.2% in the 3rd quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider’s stock worth $397,000 after purchasing an additional 1,959 shares in the last quarter. Finally, Barclays PLC grew its position in ExlService by 62.6% during the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after purchasing an additional 171,912 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Activity at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the stock in a transaction that occurred 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 in the company, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of research analyst reports. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Stifel Nicolaus raised their target price on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group boosted their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC raised their price objective on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.86.

ExlService Price Performance

Shares of EXLS opened at $44.94 on Monday. The company has a market capitalization of $7.29 billion, a P/E ratio of 39.42, a P/E/G ratio of 2.11 and a beta of 0.91. The business’s 50-day moving average is $47.53 and its two-hundred day moving average is $45.45. 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 Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly 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 company had revenue of $481.43 million for the quarter, compared to analysts’ expectations of $475.68 million. Research 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.