ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 18.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,167 shares of the business services provider's stock after buying an additional 5,858 shares during the quarter. Legato Capital Management LLC's holdings in ExlService were worth $1,802,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after purchasing an additional 2,647,937 shares during the last quarter. Norges Bank purchased a new position in shares of ExlService in the 4th quarter worth about $106,452,000. Raymond James Financial Inc. acquired a new stake in ExlService during the 4th quarter valued at approximately $52,852,000. Handelsbanken Fonder AB lifted its holdings in ExlService by 25.2% during the 1st quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock worth $129,671,000 after buying an additional 552,000 shares during the last quarter. Finally, Axiom Investors LLC DE acquired a new position in shares of ExlService during the 4th quarter valued at $20,419,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 25,000 shares of ExlService 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 completion of the transaction, the insider owned 135,046 shares in the company, valued at approximately $6,226,971.06. This 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 company insiders.

Analyst Ratings Changes

EXLS has been the topic of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. increased their price objective on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

ExlService Trading Up 1.6%

Shares of EXLS opened at $43.27 on Wednesday. The stock has a fifty day moving average price of $45.30 and a two-hundred day moving average price of $46.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.41 and a current ratio of 3.41. ExlService Holdings, Inc. has a 52-week low of $31.87 and a 52-week high of $52.43. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 1.95 and a beta of 0.80.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $501.02 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. Analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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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