SG Americas Securities LLC Buys Shares of 7,324 ExlService Holdings, Inc. (NASDAQ:EXLS)

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

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in ExlService by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after purchasing an additional 215,485 shares during the last quarter. FMR LLC boosted its position in shares of ExlService by 39.4% during the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after acquiring an additional 2,647,937 shares during the last quarter. Norges Bank acquired a new stake in ExlService during the fourth quarter worth about $106,452,000. Northern Trust Corp boosted its holdings in ExlService by 13.1% in the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after purchasing an additional 252,669 shares during the last quarter. Finally, Hood River Capital Management LLC increased its holdings in shares of ExlService by 3.3% during the 4th quarter. Hood River Capital Management LLC now owns 1,381,290 shares of the business services provider's stock worth $61,302,000 after buying an additional 43,504 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EXLS shares. 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. Stifel Nicolaus upped their target price on shares of ExlService from $48.00 to $54.00 and gave the company 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. upped their price objective on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $51.50.

Insider Transactions at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of the business'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 value of $692,987.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vikas Bhalla sold 25,000 shares of the 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 sale, the insider now owns 135,046 shares of the company's stock, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.04% of the company's stock.

ExlService Stock Down 0.0%

Shares of EXLS traded down $0.01 during mid-day trading on Friday, hitting $43.82. 27,728,911 shares of the company's stock were exchanged, compared to its average volume of 1,200,464. The stock's 50-day moving average is $45.92 and its 200-day moving average is $46.65. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 33.20, a P/E/G ratio of 2.01 and a beta of 0.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.41 and a current ratio of 3.41. ExlService Holdings, Inc. has a fifty-two week low of $30.99 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released 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 firm had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. ExlService had a return on equity of 25.11% and a net margin of 11.36%. ExlService'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 EPS. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share 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.