Deutsche Bank AG Raises Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Deutsche Bank AG grew its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 17.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,432 shares of the business services provider’s stock after buying an additional 30,382 shares during the quarter. Deutsche Bank AG’s holdings in ExlService were worth $9,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXLS. Bank of Montreal Can increased its position in ExlService by 9.7% in the fourth quarter. Bank of Montreal Can now owns 27,115 shares of the business services provider’s stock worth $1,203,000 after buying an additional 2,397 shares in the last quarter. Invesco Ltd. boosted its stake in shares of ExlService by 127.7% in the fourth quarter. Invesco Ltd. now owns 701,623 shares of the business services provider’s stock worth $31,138,000 after acquiring an additional 393,439 shares during the period. Guggenheim Capital LLC bought a new position in shares of ExlService in the fourth quarter worth about $627,000. Jump Financial LLC bought a new position in shares of ExlService in the fourth quarter worth about $793,000. Finally, First Trust Advisors LP boosted its stake in shares of ExlService by 49.8% in the fourth quarter. First Trust Advisors LP now owns 173,239 shares of the business services provider’s stock worth $7,688,000 after acquiring an additional 57,575 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of ExlService in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. upped their price objective on ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.50.

ExlService Price Performance

Shares of ExlService stock opened at $42.34 on Friday. The stock has a 50 day moving average of $43.96 and a 200 day moving average of $45.94. ExlService Holdings, Inc. has a 12 month low of $35.00 and a 12 month high of $52.43. The firm has a market cap of $6.84 billion, a PE ratio of 29.40, a PEG ratio of 1.89 and a beta of 0.81. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. ExlService had a return on equity of 25.38% and a net margin of 12.00%. The company had revenue of $514.46 million during the quarter, compared to analyst estimates of $504.87 million. During the same period in the prior year, the company earned $0.40 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. On average, research analysts expect 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.