Handelsbanken Fonder AB Grows Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Handelsbanken Fonder AB boosted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 25.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,746,690 shares of the business services provider's stock after purchasing an additional 552,000 shares during the period. Handelsbanken Fonder AB owned about 1.69% of ExlService worth $129,671,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EXLS. SG Americas Securities LLC bought a new position in shares of ExlService during the first quarter valued at approximately $346,000. GAMMA Investing LLC grew its stake in shares of ExlService by 20.6% in the first quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider's stock worth $166,000 after acquiring an additional 599 shares during the last quarter. UMB Bank n.a. increased its stake in ExlService by 42.9% during the 1st quarter. UMB Bank n.a. now owns 2,752 shares of the business services provider's stock valued at $130,000 after purchasing an additional 826 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of ExlService by 40.0% during 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 in the last quarter. Finally, NBC Securities Inc. raised its stake in shares of ExlService by 88,920.7% in the first 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. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price target on shares of ExlService in a report on Tuesday, June 3rd. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of ExlService from $52.00 to $53.00 and gave the stock 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.50.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 135,046 shares in the company, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The disclosure for this sale can be found here. 4.04% of the stock is currently owned by insiders.

ExlService Trading Down 1.7%

Shares of NASDAQ:EXLS traded down $0.80 during trading on Friday, hitting $47.25. The company had a trading volume of 1,277,346 shares, compared to its average volume of 1,060,236. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a fifty day simple moving average of $45.87 and a two-hundred day simple moving average of $46.74. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same period in the prior year, the company posted $0.38 EPS. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.