Bessemer Group Inc. Has $30.63 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Bessemer Group Inc. cut its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 18.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 648,851 shares of the business services provider's stock after selling 144,284 shares during the quarter. Bessemer Group Inc. owned about 0.40% of ExlService worth $30,632,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its stake in ExlService by 3.7% in the 1st quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider's stock valued at $742,000 after purchasing an additional 559 shares during the period. Proficio Capital Partners LLC bought a new stake in ExlService in the 4th quarter valued at $8,682,000. SG Americas Securities LLC bought a new stake in ExlService in the 1st quarter valued at $346,000. Prudential Financial Inc. boosted its stake in ExlService by 60.4% in the 4th quarter. Prudential Financial Inc. now owns 123,735 shares of the business services provider's stock valued at $5,491,000 after purchasing an additional 46,593 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in ExlService by 11.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,826 shares of the business services provider's stock valued at $658,000 after purchasing an additional 1,481 shares during the period. 92.92% of the stock is currently owned by institutional investors.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 25,000 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction 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 approximately $6,226,971.06. The trade was a 15.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. 4.04% of the stock is owned by insiders.

ExlService Price Performance

Shares of NASDAQ:EXLS traded down $0.01 during trading on Friday, reaching $43.82. 27,728,911 shares of the company traded hands, compared to its average volume of 1,197,412. The company's 50 day moving average is $45.92 and its two-hundred day moving average is $46.66. The firm has a market capitalization of $7.13 billion, a PE ratio of 33.20, a PEG ratio of 2.01 and a beta of 0.83. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.30. ExlService Holdings, Inc. has a 52 week low of $30.99 and a 52 week high of $52.43.

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

Analysts Set New Price Targets

Several analysts recently issued reports on EXLS shares. Needham & Company LLC restated a "buy" rating and issued a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. upped their target price 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 given a buy rating to the stock. According to data from MarketBeat.com, ExlService currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

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.