Loomis Sayles & Co. L P Acquires 121,693 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Loomis Sayles & Co. L P grew its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 27.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 572,514 shares of the business services provider’s stock after acquiring an additional 121,693 shares during the quarter. Loomis Sayles & Co. L P’s holdings in ExlService were worth $25,408,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of ExlService by 389.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,953 shares of the business services provider’s stock valued at $669,000 after purchasing an additional 11,901 shares during the period. UNIVEST FINANCIAL Corp lifted its stake in ExlService by 19.5% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 87,779 shares of the business services provider’s stock valued at $3,896,000 after buying an additional 14,332 shares in the last quarter. Summitry LLC boosted its holdings in shares of ExlService by 26.6% in the fourth quarter. Summitry LLC now owns 9,194 shares of the business services provider’s stock valued at $408,000 after buying an additional 1,929 shares during the period. Pier Capital LLC increased its position in shares of ExlService by 2.1% during the fourth quarter. Pier Capital LLC now owns 228,856 shares of the business services provider’s stock worth $10,157,000 after acquiring an additional 4,732 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in shares of ExlService by 18.3% during the fourth quarter. Zions Bancorporation N.A. now owns 70,959 shares of the business services provider’s stock worth $3,149,000 after acquiring an additional 10,996 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EXLS shares. Stifel Nicolaus upped their target price on shares of 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 increased their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Needham & Company LLC lifted their target price on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, ExlService presently has an average rating of “Moderate Buy” and an average target price of $47.38.

ExlService Stock Down 0.2 %

EXLS stock opened at $47.07 on Friday. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 41.29, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The business has a 50 day moving average price of $48.74 and a two-hundred day moving average price of $44.64. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last released 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 firm had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. Analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Activity

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by company insiders.

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.