Intech Investment Management LLC Boosts Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Intech Investment Management LLC lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 95.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,107 shares of the business services provider’s stock after purchasing an additional 29,803 shares during the quarter. Intech Investment Management LLC’s holdings in ExlService were worth $2,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of ExlService in the 4th quarter worth about $25,000. Kestra Investment Management LLC purchased a new position in ExlService in the 4th quarter worth about $26,000. USA Financial Formulas purchased a new position in ExlService in the 4th quarter worth about $58,000. VisionPoint Advisory Group LLC purchased a new position in ExlService in the 4th quarter worth about $58,000. Finally, UMB Bank n.a. raised its position in ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Activity at ExlService

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 completion of the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 94,443 shares of the company’s stock, valued at $4,336,822.56. The trade was 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 sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by company insiders.

ExlService Trading Up 1.9 %

ExlService stock opened at $47.53 on Thursday. The business has a 50-day simple moving average of $48.65 and a two-hundred day simple moving average of $44.24. The company has a market cap of $7.71 billion, a P/E ratio of 41.69, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43. 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 announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. Analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

EXLS has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their target price on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC boosted their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group boosted their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.38.

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.