Bank of America Corp DE Increases Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Bank of America Corp DE grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 13.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,084,413 shares of the business services provider's stock after buying an additional 125,755 shares during the period. Bank of America Corp DE owned approximately 0.67% of ExlService worth $48,126,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Proficio Capital Partners LLC purchased a new stake in ExlService in the 4th quarter valued at $8,682,000. Smith Group Asset Management LLC increased its position in shares of ExlService by 1.9% during the 4th 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 position in shares of ExlService by 3.1% during the 4th quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider's stock valued at $14,697,000 after purchasing an additional 9,859 shares during the last quarter. Barclays PLC grew its stake in shares of ExlService by 62.6% during the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock worth $17,040,000 after acquiring an additional 171,912 shares during the period. Finally, KBC Group NV grew its stake in shares of ExlService by 29.8% during the 4th quarter. KBC Group NV now owns 6,583 shares of the business services provider's stock worth $292,000 after acquiring an additional 1,512 shares during the period. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Up 0.4%

Shares of NASDAQ EXLS traded up $0.18 during mid-day trading on Tuesday, hitting $46.47. 63,643 shares of the stock traded hands, compared to its average volume of 1,033,425. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 2.11 and a beta of 0.86. The stock has a fifty day moving average price of $45.66 and a 200-day moving average price of $46.58.

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

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 25,000 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was 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 of the company's stock, valued at $6,226,971.06. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 4,989 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total value of $252,942.30. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares of the company's stock, valued at approximately $2,077,990.20. This trade represents a 10.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,992 shares of company stock worth $2,673,620. 4.04% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on EXLS. Stifel Nicolaus raised their target price on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Needham & Company LLC raised their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group raised 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. JPMorgan Chase & Co. raised their price target on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a 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's stock. According to MarketBeat, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $52.33.

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.