Ameriprise Financial Inc. Has $17.32 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Ameriprise Financial Inc. boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 17.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 390,158 shares of the business services provider's stock after buying an additional 57,706 shares during the quarter. Ameriprise Financial Inc. owned about 0.24% of ExlService worth $17,315,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in ExlService during the fourth quarter worth $8,682,000. Smith Group Asset Management LLC grew its position in shares of ExlService by 1.9% in the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider's stock valued at $18,755,000 after purchasing an additional 7,694 shares during the last quarter. Oak Ridge Investments LLC increased its stake in shares of ExlService by 3.1% in the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider's stock worth $14,697,000 after purchasing an additional 9,859 shares during the period. Barclays PLC increased its stake in shares of ExlService by 62.6% in the third quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock worth $17,040,000 after purchasing an additional 171,912 shares during the period. Finally, KBC Group NV increased its stake in shares of ExlService by 29.8% in the fourth quarter. KBC Group NV now owns 6,583 shares of the business services provider's stock worth $292,000 after purchasing an additional 1,512 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Price Performance

NASDAQ EXLS traded down $0.06 during trading on Thursday, reaching $45.86. 1,170,915 shares of the company traded hands, compared to its average volume of 1,040,757. 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 stock's 50 day moving average price is $45.66 and its two-hundred day moving average price is $46.60. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 40.23, 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 released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 23.23% and a net margin of 10.61%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. As a group, analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity

In related news, insider Vikas Bhalla sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total value of $1,152,750.00. Following the completion of the transaction, the insider now owns 135,046 shares in the company, valued at $6,226,971.06. The trade was a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 1,865 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the transaction, the executive vice president now owns 40,986 shares of the company's stock, valued at $1,980,443.52. This trade represents a 4.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,003 shares of company stock worth $2,420,678. Insiders own 4.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXLS. Needham & Company LLC lifted their price objective on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. lifted their price objective on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus lifted 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, ExlService currently has an average rating of "Moderate Buy" and an average price target of $52.33.

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.