Bridge City Capital LLC Has $5.81 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Bridge City Capital LLC reduced its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 25.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,969 shares of the business services provider's stock after selling 42,910 shares during the quarter. ExlService accounts for 1.7% of Bridge City Capital LLC's portfolio, making the stock its 14th largest position. Bridge City Capital LLC owned about 0.08% of ExlService worth $5,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Mather Group LLC. bought a new position in shares of ExlService in the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC bought a new position in ExlService in the 4th quarter valued at $26,000. Morse Asset Management Inc bought a new position in ExlService in the 4th quarter valued at $49,000. VisionPoint Advisory Group LLC acquired a new position in ExlService in the fourth quarter worth $58,000. Finally, Johnson Financial Group Inc. bought a new stake in ExlService during the 4th quarter worth about $85,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ExlService

In related news, Director Jaynie M. Studenmund sold 14,580 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $47.53, for a total transaction of $692,987.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction that occurred on Thursday, May 8th. The shares were 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 directly owns 135,046 shares in the company, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,138 shares of company stock worth $2,330,561 in the last quarter. Corporate insiders own 4.04% of the company's stock.

ExlService Price Performance

Shares of EXLS stock opened at $47.99 on Monday. The firm's 50 day moving average price is $45.53 and its two-hundred day moving average price is $46.71. 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 stock has a market cap of $7.81 billion, a PE ratio of 42.10, a PEG ratio of 2.11 and a beta of 0.83.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results 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. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same period last year, the company earned $0.38 EPS. The firm's revenue was up 14.8% on a year-over-year basis. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on EXLS shares. Stifel Nicolaus increased their price target on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. boosted their target price on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, ExlService presently has a consensus rating of "Moderate Buy" and an average target price of $51.50.

About ExlService

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.

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