ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 638,017 shares of the business services provider's stock after purchasing an additional 42,808 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.40% of ExlService worth $28,315,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in ExlService by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after acquiring an additional 215,485 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider's stock valued at $165,083,000 after purchasing an additional 149,856 shares in the last quarter. Norges Bank acquired a new stake in ExlService during the fourth quarter worth approximately $106,452,000. Handelsbanken Fonder AB lifted its stake in ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after buying an additional 1,664,400 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of ExlService during the 4th quarter worth approximately $52,852,000. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 1,865 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $1,980,443.52. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock valued at $2,337,284 over the last three months. Corporate insiders own 4.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EXLS shares. StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a research report on Monday. Needham & Company LLC upped their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus boosted their target price on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group upped their price target on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.86.

ExlService Trading Down 1.3 %

ExlService stock traded down $0.59 during mid-day trading on Friday, reaching $44.89. 1,538,613 shares of the company traded hands, compared to its average volume of 982,968. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a 52-week low of $28.59 and a 52-week high of $52.43. The firm's 50 day moving average price is $47.04 and its 200 day moving average price is $45.56. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The firm had revenue of $481.43 million for the quarter, compared to analysts' expectations of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.