Rhumbline Advisers Purchases 8,469 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Rhumbline Advisers boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 535,913 shares of the business services provider's stock after purchasing an additional 8,469 shares during the period. Rhumbline Advisers owned about 0.33% of ExlService worth $25,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of ExlService by 5,592.4% during the 1st quarter. GAMMA Investing LLC now owns 165,707 shares of the business services provider's stock worth $7,823,000 after buying an additional 162,796 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of ExlService by 11.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,826 shares of the business services provider's stock worth $658,000 after buying an additional 1,481 shares during the last quarter. GTS Securities LLC bought a new position in shares of ExlService in the fourth quarter worth about $223,000. PharVision Advisers LLC bought a new position in shares of ExlService in the fourth quarter worth about $937,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of ExlService by 12.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 477,705 shares of the business services provider's stock worth $21,201,000 after acquiring an additional 51,113 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on EXLS. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research note on Tuesday. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Stifel Nicolaus increased their price target on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, ExlService presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

ExlService Price Performance

EXLS stock opened at $47.04 on Friday. The company has a fifty day moving average price of $45.53 and a 200-day moving average price of $46.66. The company has a market capitalization of $7.65 billion, a P/E ratio of 41.26, a PEG ratio of 2.11 and a beta of 0.86. ExlService Holdings, Inc. has a 52-week low of $28.59 and a 52-week 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.

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 (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $501.02 million during 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%. The company'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 earnings per share. As a group, equities analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Transactions at ExlService

In related news, Director Jaynie M. Studenmund sold 14,580 shares of ExlService 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction on 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 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 position. The disclosure for this sale can be found here. Insiders sold 50,138 shares of company stock worth $2,330,561 over the last ninety days. 4.04% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.