Bessemer Group Inc. Sells 144,284 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Bessemer Group Inc. trimmed its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 18.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 648,851 shares of the business services provider's stock after selling 144,284 shares during the quarter. Bessemer Group Inc. owned 0.40% of ExlService worth $30,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of EXLS. CIBC Asset Management Inc acquired a new stake in ExlService in the 4th quarter valued at $228,000. Truist Financial Corp boosted its stake in shares of ExlService by 56.2% in the 4th quarter. Truist Financial Corp now owns 21,053 shares of the business services provider's stock valued at $934,000 after purchasing an additional 7,579 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of ExlService in the 4th quarter valued at $222,000. Proficio Capital Partners LLC bought a new stake in shares of ExlService in the 4th quarter worth about $8,682,000. Finally, Versor Investments LP grew its holdings in shares of ExlService by 25.0% in the 4th quarter. Versor Investments LP now owns 10,500 shares of the business services provider's stock worth $466,000 after purchasing an additional 2,100 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EXLS shares. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus boosted 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. Needham & Company LLC restated a "buy" rating and set a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $51.50.

ExlService Price Performance

Shares of ExlService stock traded down $0.01 during midday trading on Friday, reaching $43.82. The company had a trading volume of 27,728,911 shares, compared to its average volume of 1,200,464. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $45.92 and a 200 day simple moving average of $46.65. ExlService Holdings, Inc. has a 1-year low of $30.99 and a 1-year high of $52.43. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.83.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The company had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. ExlService had a return on equity of 25.11% and a net margin of 11.36%. The firm's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Transactions at ExlService

In related news, Director Jaynie M. Studenmund sold 14,580 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $47.53, for a total value of $692,987.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vikas Bhalla sold 25,000 shares of the firm'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 transaction, the insider now owns 135,046 shares in the company, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their position. The disclosure for this sale can be found here. 4.04% of the stock is owned by corporate 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.