7,324 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,324 shares of the business services provider's stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EXLS. FMR LLC lifted its holdings in ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after buying an additional 2,647,937 shares during the period. Norges Bank acquired a new position in ExlService in the fourth quarter valued at $106,452,000. Raymond James Financial Inc. acquired a new position in ExlService in the fourth quarter valued at $52,852,000. Axiom Investors LLC DE bought a new stake in ExlService in the fourth quarter valued at $20,419,000. Finally, American Century Companies Inc. increased its stake in ExlService by 204.2% in the fourth quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider's stock valued at $27,055,000 after purchasing an additional 409,242 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Transactions at ExlService

In related news, Director Jaynie M. Studenmund sold 14,580 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. 4.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EXLS shares. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. lifted their price target 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $51.50.

ExlService Stock Down 0.0%

Shares of NASDAQ:EXLS traded down $0.01 during midday trading on Friday, hitting $43.82. 27,728,911 shares of the company's stock were exchanged, compared to its average volume of 1,197,412. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.41 and a quick ratio of 3.41. The stock has a 50 day moving average price of $45.92 and a 200-day moving average price of $46.66. The company has a market cap of $7.13 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.83. ExlService Holdings, Inc. has a 12 month low of $30.99 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.