UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 51,113 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,705 shares of the business services provider's stock after purchasing an additional 51,113 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of ExlService worth $21,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. iSAM Funds UK Ltd bought a new position in shares of ExlService in the 4th quarter valued at approximately $221,000. Vident Advisory LLC raised its stake in shares of ExlService by 10.2% in the 4th quarter. Vident Advisory LLC now owns 15,283 shares of the business services provider's stock valued at $678,000 after acquiring an additional 1,411 shares in the last quarter. Tidal Investments LLC raised its stake in shares of ExlService by 79.9% in the 4th quarter. Tidal Investments LLC now owns 10,164 shares of the business services provider's stock valued at $451,000 after acquiring an additional 4,514 shares in the last quarter. State of Wyoming raised its stake in shares of ExlService by 9.1% in the 4th quarter. State of Wyoming now owns 38,090 shares of the business services provider's stock valued at $1,690,000 after acquiring an additional 3,163 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of ExlService in the 4th quarter valued at approximately $380,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This trade represents a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 14,580 shares of ExlService 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 50,138 shares of company stock valued at $2,330,561. 4.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXLS. JPMorgan Chase & Co. raised their price objective on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Stifel Nicolaus raised their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC raised their price objective on ExlService from $50.00 to $60.00 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 assigned a buy rating to the company. Based on data from MarketBeat, ExlService presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.33.

ExlService Stock Performance

NASDAQ EXLS traded up $0.12 during trading on Friday, hitting $46.11. The company's stock had a trading volume of 1,574,507 shares, compared to its average volume of 1,054,628. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $45.56 and a 200 day moving average price of $46.63. The firm has a market cap of $7.50 billion, a P/E ratio of 40.45, a price-to-earnings-growth 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.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.