Nuveen Asset Management LLC Has $81.38 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Nuveen Asset Management LLC decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,833,637 shares of the business services provider's stock after selling 12,379 shares during the period. Nuveen Asset Management LLC owned about 1.14% of ExlService worth $81,377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXLS. Mather Group LLC. acquired a new position in ExlService in the 4th quarter worth approximately $25,000. Kestra Investment Management LLC acquired a new position in ExlService in the 4th quarter worth approximately $26,000. Morse Asset Management Inc acquired a new position in ExlService in the 4th quarter worth approximately $49,000. VisionPoint Advisory Group LLC purchased a new stake in ExlService in the 4th quarter worth approximately $58,000. Finally, UMB Bank n.a. lifted its position in ExlService by 17.6% in the 4th 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.

Insider Activity

In other news, insider Vikas Bhalla sold 25,000 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the transaction, the insider now owns 135,046 shares in the company, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction on 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. In the last 90 days, insiders have sold 52,003 shares of company stock worth $2,420,678. 4.04% of the stock is owned by corporate insiders.

ExlService Stock Down 0.6%

Shares of ExlService stock traded down $0.28 during midday trading on Friday, reaching $45.58. 1,714,040 shares of the company's stock traded hands, compared to its average volume of 1,044,651. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The company's 50 day simple moving average is $45.64 and its 200 day simple moving average is $46.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. ExlService's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. Equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EXLS shares. Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Needham & Company LLC increased their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. increased 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 analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $52.33.

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.