1,929,963 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in ExlService Holdings, purchasing about 1.93 million shares valued at approximately $91.1 million, representing a 1.19% ownership in the company.
• Wall Street analysts have a generally positive outlook on ExlService, with several firms raising their price targets and rating the stock as a "buy."
• ExlService reported a revenue increase of 14.7% year-over-year, with earnings per share of $0.49 for the recent quarter, surpassing analyst expectations.

Nuveen LLC bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,929,963 shares of the business services provider's stock, valued at approximately $91,114,000. Nuveen LLC owned about 1.19% of ExlService as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can boosted its position in ExlService by 9.7% during the fourth quarter. Bank of Montreal Can now owns 27,115 shares of the business services provider's stock valued at $1,203,000 after buying an additional 2,397 shares during the period. Invesco Ltd. increased its position in shares of ExlService by 127.7% during the fourth quarter. Invesco Ltd. now owns 701,623 shares of the business services provider's stock valued at $31,138,000 after acquiring an additional 393,439 shares in the last quarter. Raymond James Financial Inc. bought a new stake in ExlService in the 4th quarter worth approximately $52,852,000. Guggenheim Capital LLC bought a new stake in ExlService in the 4th quarter worth approximately $627,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of ExlService during the 4th quarter worth $1,739,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

ExlService Trading Down 1.2%

Shares of NASDAQ EXLS traded down $0.50 during midday trading on Friday, reaching $42.34. 967,108 shares of the stock were exchanged, compared to its average volume of 1,817,377. The stock has a 50 day moving average price of $43.96 and a 200-day moving average price of $45.94. 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 52-week low of $35.00 and a 52-week high of $52.43. The company has a market capitalization of $6.84 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.89 and a beta of 0.81.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share 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 for the quarter, compared to analysts' expectations of $504.87 million. During the same period in the previous year, the company posted $0.40 earnings per share. ExlService's revenue was up 14.7% compared to the same quarter last year. Equities research 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 analysts have issued reports on EXLS shares. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price target on shares of ExlService in a report on Tuesday, June 3rd. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

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.