Natixis Advisors LLC Has $3.28 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Key Points

• Natixis Advisors LLC increased its stake in ExlService Holdings by 29.4%, owning a total of 69,562 shares valued at approximately $3.28 million after acquiring additional shares in the 1st quarter.
• ExlService reported earnings of $0.49 per share for the last quarter, exceeding expectations, with revenues of $514.46 million, marking a 14.7% increase from last year.
• Several analysts have recently upgraded their ratings on ExlService, with a consensus price target of $51.50, reflecting growing confidence in the stock.

Natixis Advisors LLC raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 29.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,562 shares of the business services provider's stock after acquiring an additional 15,804 shares during the quarter. Natixis Advisors LLC's holdings in ExlService were worth $3,284,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in shares of ExlService by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 100,949 shares of the business services provider's stock valued at $4,480,000 after buying an additional 1,892 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of ExlService by 32.8% in the fourth quarter. Wells Fargo & Company MN now owns 398,886 shares of the business services provider's stock valued at $17,703,000 after buying an additional 98,493 shares in the last quarter. Aviva PLC acquired a new stake in shares of ExlService in the fourth quarter valued at $398,000. Envestnet Asset Management Inc. increased its stake in shares of ExlService by 7.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 638,017 shares of the business services provider's stock valued at $28,315,000 after buying an additional 42,808 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of ExlService by 14.8% in the fourth quarter. Russell Investments Group Ltd. now owns 185,915 shares of the business services provider's stock valued at $8,251,000 after buying an additional 23,953 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $51.50.

ExlService Trading Up 0.3%

Shares of NASDAQ:EXLS traded up $0.14 during midday trading on Friday, hitting $42.20. The company had a trading volume of 1,148,871 shares, compared to its average volume of 2,003,840. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a 12 month low of $33.96 and a 12 month high of $52.43. The firm has a fifty day simple moving average of $44.39 and a 200 day simple moving average of $46.16. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.86 and a beta of 0.81.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $514.46 million for the quarter, compared to analysts' expectations of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%. The company's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

ExlService 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.