ExlService Holdings, Inc. $EXLS Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 61.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,178 shares of the business services provider's stock after purchasing an additional 9,225 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in ExlService were worth $1,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Balboa Wealth Partners lifted its stake in shares of ExlService by 5.0% in the first quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock valued at $243,000 after purchasing an additional 244 shares during the period. Xponance Inc. increased its holdings in ExlService by 1.2% during the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock valued at $1,116,000 after acquiring an additional 270 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in ExlService by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock valued at $713,000 after acquiring an additional 286 shares in the last quarter. State of Michigan Retirement System increased its holdings in ExlService by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider's stock valued at $1,818,000 after acquiring an additional 400 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in ExlService by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the business services provider's stock valued at $2,129,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

EXLS has been the subject of several recent research reports. Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. lifted their price target on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, ExlService currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.50.

ExlService Trading Up 1.3%

ExlService stock traded up $0.57 during trading on Monday, reaching $42.91. The company had a trading volume of 235,698 shares, compared to its average volume of 1,639,276. ExlService Holdings, Inc. has a 12-month low of $35.06 and a 12-month high of $52.43. The stock's 50 day moving average price is $43.96 and its two-hundred day moving average price is $45.88. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.87 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. During the same period in the previous year, the firm earned $0.40 earnings per share. ExlService's revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share 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.