Ameriprise Financial Inc. Increases Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Ameriprise Financial Inc. raised its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 390,158 shares of the business services provider's stock after purchasing an additional 57,706 shares during the period. Ameriprise Financial Inc. owned 0.24% of ExlService worth $17,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in EXLS. Mather Group LLC. bought a new stake in ExlService during the 4th quarter valued at $25,000. Kestra Investment Management LLC purchased a new position in shares of ExlService in the fourth quarter valued at $26,000. USA Financial Formulas purchased a new stake in ExlService during the 4th quarter worth about $58,000. VisionPoint Advisory Group LLC bought a new position in ExlService in the 4th quarter worth about $58,000. Finally, UMB Bank n.a. increased its position in shares of ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after buying an additional 288 shares during the period. Hedge funds and other institutional investors own 92.92% of the company's stock.

ExlService Trading Up 0.2%

EXLS stock traded up $0.09 during trading on Tuesday, hitting $46.38. 905,899 shares of the company traded hands, compared to its average volume of 1,036,725. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The company has a 50-day moving average of $45.66 and a 200-day moving average of $46.58. The firm has a market capitalization of $7.55 billion, a PE ratio of 40.68, a P/E/G ratio of 2.11 and a beta of 0.86. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. Analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 1,865 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $1,980,443.52. This represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the sale, the insider now directly owns 135,046 shares in the company, valued at $6,226,971.06. The trade was a 15.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,992 shares of company stock valued at $2,673,620 over the last ninety days. 4.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EXLS shares. Needham & Company LLC raised their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Stifel Nicolaus upped their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, ExlService currently has an average rating of "Moderate Buy" and a consensus target price of $52.33.

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.