ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 14.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,950 shares of the business services provider's stock after purchasing an additional 13,903 shares during the quarter. Baird Financial Group Inc. owned about 0.07% of ExlService worth $4,835,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXLS. Mather Group LLC. bought a new position in ExlService in the fourth quarter worth about $25,000. Kestra Investment Management LLC bought a new position in shares of ExlService during the 4th quarter worth approximately $26,000. USA Financial Formulas acquired a new position in shares of ExlService during the fourth quarter worth $58,000. VisionPoint Advisory Group LLC acquired a new position in shares of ExlService during the fourth quarter worth $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 worth $85,000 after purchasing an additional 288 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Price Performance

Shares of NASDAQ EXLS traded up $0.01 during trading on Tuesday, hitting $46.86. The company had a trading volume of 1,468,308 shares, compared to its average volume of 1,031,458. The stock has a fifty day simple moving average of $45.68 and a two-hundred day simple moving average of $46.39. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (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 analysts' expectations of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. ExlService's revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. On average, research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, EVP Anita Mahon sold 10,558 shares of the business's 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 4,989 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total value of $252,942.30. Following the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $2,077,990.20. This trade represents a 10.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,992 shares of company stock valued at $2,673,620 in the last 90 days. 4.16% of the stock is owned by insiders.

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.