ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group lifted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 679,837 shares of the business services provider’s stock after purchasing an additional 43,940 shares during the period. Schroder Investment Management Group owned about 0.42% of ExlService worth $30,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXLS. Mather Group LLC. acquired a new position in ExlService in the fourth quarter worth approximately $25,000. Kestra Investment Management LLC acquired a new position in shares of ExlService in the 4th quarter worth $26,000. USA Financial Formulas acquired a new stake in shares of ExlService during the fourth quarter worth $58,000. VisionPoint Advisory Group LLC purchased a new stake in shares of ExlService during the fourth quarter valued at $58,000. Finally, UMB Bank n.a. boosted its position in shares of ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 288 shares during the period. 92.92% of the stock is currently owned by institutional investors.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, 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 value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock worth $2,337,284 in the last 90 days. 4.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on EXLS shares. Stifel Nicolaus upped their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, Needham & Company LLC raised 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. One 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 stock has a consensus rating of “Moderate Buy” and an average price target of $47.38.

ExlService Price Performance

EXLS opened at $47.78 on Wednesday. The stock has a fifty day moving average price of $48.70 and a 200 day moving average price of $44.99. 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 stock has a market cap of $7.75 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 2.11 and a beta of 1.10.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million during 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 forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

About ExlService

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.