Tredje AP fonden Has $18.88 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Tredje AP fonden boosted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 90.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400,000 shares of the business services provider's stock after acquiring an additional 190,000 shares during the quarter. Tredje AP fonden owned 0.25% of ExlService worth $18,884,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Bayforest Capital Ltd boosted its stake in ExlService by 227.9% during the 1st quarter. Bayforest Capital Ltd now owns 5,197 shares of the business services provider's stock valued at $245,000 after purchasing an additional 3,612 shares in the last quarter. Vestcor Inc bought a new stake in shares of ExlService during the 1st quarter worth $106,000. XTX Topco Ltd bought a new stake in shares of ExlService during the 1st quarter worth $802,000. Harvest Fund Management Co. Ltd boosted its stake in shares of ExlService by 81.4% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 22,247 shares of the business services provider's stock worth $1,050,000 after acquiring an additional 9,980 shares in the last quarter. Finally, JSF Financial LLC bought a new stake in shares of ExlService during the 1st quarter worth $935,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Down 2.9%

EXLS traded down $1.27 during trading on Friday, reaching $42.16. 1,858,201 shares of the stock traded hands, compared to its average volume of 1,655,988. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.80. ExlService Holdings, Inc. has a fifty-two week low of $31.87 and a fifty-two week high of $52.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.41. The stock's 50-day simple moving average is $44.83 and its two-hundred day simple moving average is $46.38.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. ExlService had a return on equity of 25.38% and a net margin of 12.00%. The firm had revenue of $514.46 million during the quarter, compared to analysts' expectations of $504.87 million. During the same quarter last year, the firm earned $0.40 earnings per share. The business's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. Finally, Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and an average price target of $51.50.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $46.11, for a total value of $1,152,750.00. Following the transaction, the insider directly owned 135,046 shares in the company, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.04% of the company's stock.

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.