Nomura Holdings Inc. Purchases Shares of 21,308 ExlService Holdings, Inc. (NASDAQ:EXLS)

Nomura Holdings Inc. bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,308 shares of the business services provider's stock, valued at approximately $946,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in ExlService in the 4th quarter worth $25,000. Kestra Investment Management LLC acquired a new position in shares of ExlService in the 4th quarter worth approximately $26,000. Morse Asset Management Inc bought a new stake in ExlService during the 4th quarter valued at $49,000. VisionPoint Advisory Group LLC purchased a new position in shares of ExlService in the 4th quarter worth about $58,000. Finally, UMB Bank n.a. lifted its holdings in shares of ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Trading Down 0.6%

Shares of ExlService stock traded down $0.28 during trading hours on Friday, hitting $45.58. The company's stock had a trading volume of 1,714,040 shares, compared to its average volume of 1,046,020. The firm has a fifty day moving average of $45.64 and a 200-day moving average of $46.64. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 39.98, a P/E/G ratio of 2.11 and a beta of 0.86.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $501.02 million for 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 quarter in the prior year, the business earned $0.38 EPS. Research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 25,000 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the transaction, the insider now directly owns 135,046 shares of the company's stock, valued at $6,226,971.06. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was 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. Insiders have sold a total of 52,003 shares of company stock worth $2,420,678 over the last quarter. 4.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. raised their price objective on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus lifted their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC boosted their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One research 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 has a consensus rating of "Moderate Buy" and an average price target of $52.33.

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.