NBC Securities Inc. Purchases 25,787 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

NBC Securities Inc. increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 88,920.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,816 shares of the business services provider's stock after buying an additional 25,787 shares during the quarter. NBC Securities Inc.'s holdings in ExlService were worth $1,218,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in ExlService during the 4th quarter worth approximately $25,000. Kestra Investment Management LLC acquired a new position in ExlService during the 4th quarter worth approximately $26,000. Morse Asset Management Inc acquired a new position in ExlService during the 4th quarter worth approximately $49,000. VisionPoint Advisory Group LLC acquired a new position in ExlService during the 4th quarter worth approximately $58,000. Finally, Johnson Financial Group Inc. acquired a new position in ExlService during the 4th quarter worth approximately $85,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ExlService

In other ExlService news, EVP Anita Mahon sold 10,558 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the insider now directly owns 135,046 shares of the company's stock, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,138 shares of company stock valued at $2,330,561. 4.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXLS. JPMorgan Chase & Co. boosted their price objective on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Stifel Nicolaus upped their price target 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 reissued a "buy" rating and issued a $55.00 price target on shares of ExlService in a research report on Tuesday. Finally, Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, ExlService presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

ExlService Stock Performance

Shares of EXLS traded up $0.17 on Thursday, reaching $47.04. 1,032,570 shares of the company's stock traded hands, compared to its average volume of 1,055,326. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $7.65 billion, a PE ratio of 41.26, a PEG ratio of 2.11 and a beta of 0.86. The stock's 50 day simple moving average is $45.53 and its two-hundred day simple moving average is $46.64. ExlService Holdings, Inc. has a 52-week low of $28.59 and a 52-week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, beating 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 23.23% and a net margin of 10.61%. ExlService's revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. On average, analysts forecast 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.