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

Loomis Sayles & Co. L P raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 572,514 shares of the business services provider’s stock after buying an additional 121,693 shares during the quarter. Loomis Sayles & Co. L P owned 0.36% of ExlService worth $25,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of ExlService by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock worth $82,448,000 after buying an additional 9,775 shares during the period. Quantbot Technologies LP grew its holdings in shares of ExlService by 106.3% in the 3rd quarter. Quantbot Technologies LP now owns 84,119 shares of the business services provider’s stock worth $3,209,000 after purchasing an additional 43,344 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of ExlService by 28.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 230,410 shares of the business services provider’s stock worth $8,790,000 after purchasing an additional 50,399 shares in the last quarter. PEAK6 Investments LLC acquired a new position in ExlService in the third quarter valued at about $484,000. Finally, Walleye Capital LLC bought a new stake in ExlService during the third quarter worth about $1,543,000. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $2,110,779. This represents a 28.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of ExlService 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 directly owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock worth $2,337,284 in the last three months. Insiders own 4.16% of the company’s stock.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $47.07 on Friday. The stock has a market capitalization of $7.64 billion, a P/E ratio of 41.29, a P/E/G ratio of 2.11 and a beta of 1.10. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year 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.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. Equities analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

EXLS has been the subject of several research analyst reports. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Stifel Nicolaus increased their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, 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 note on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

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.