Bridge City Capital LLC Decreases Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Bridge City Capital LLC trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 25.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 investment portfolio, making the stock its 14th largest holding. Bridge City Capital LLC owned 0.08% of ExlService worth $5,805,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of ExlService by 42.9% in the 1st quarter. UMB Bank n.a. now owns 2,752 shares of the business services provider's stock worth $130,000 after buying an additional 826 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in ExlService by 40.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,501 shares of the business services provider's stock valued at $307,000 after acquiring an additional 1,858 shares during the last quarter. NBC Securities Inc. increased its stake in shares of ExlService by 88,920.7% during the 1st quarter. NBC Securities Inc. now owns 25,816 shares of the business services provider's stock worth $1,218,000 after purchasing an additional 25,787 shares during the last quarter. Rhumbline Advisers grew its holdings in ExlService by 1.6% during the first quarter. Rhumbline Advisers now owns 535,913 shares of the business services provider's stock valued at $25,300,000 after purchasing an additional 8,469 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of ExlService by 5,592.4% in the first quarter. GAMMA Investing LLC now owns 165,707 shares of the business services provider's stock valued at $7,823,000 after buying an additional 162,796 shares during the period. 92.92% of the stock is currently owned by institutional investors.

Insider Transactions at ExlService

In related news, Director Jaynie M. Studenmund sold 14,580 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total value of $1,152,750.00. Following the sale, the insider now owns 135,046 shares in the company, valued at $6,226,971.06. The trade was a 15.62% decrease in their position. The disclosure for this sale can be found here. 4.04% of the stock is owned by insiders.

ExlService Price Performance

ExlService stock traded up $0.46 during mid-day trading on Thursday, hitting $48.05. 1,172,561 shares of the company traded hands, compared to its average volume of 1,059,262. 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 one year low of $28.59 and a one year high of $52.43. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83. The stock has a fifty day moving average price of $45.65 and a 200-day moving average price of $46.73.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. During the same quarter in the prior year, the company posted $0.38 EPS. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. 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 price target on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus upped their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.