Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in ExlService Holdings, Inc. (NASDAQ:EXLS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $10.34 million in ExlService Holdings, acquiring 219,111 shares, which represents a 0.13% ownership stake in the company.
• ExlService reported a quarterly earnings per share (EPS) of $0.48, exceeding analysts' expectations, with a year-over-year revenue increase of 14.8%.
• Several analysts have issued positive ratings for ExlService, with a consensus rating of "Moderate Buy" and an average price target of $51.50.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 219,111 shares of the business services provider's stock, valued at approximately $10,344,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of ExlService as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. purchased a new stake in ExlService in the first quarter worth about $45,000. Morse Asset Management Inc purchased a new stake in ExlService in the fourth quarter worth about $49,000. Johnson Financial Group Inc. purchased a new stake in ExlService in the fourth quarter worth about $85,000. Fifth Third Bancorp grew its holdings in ExlService by 35.2% in the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after purchasing an additional 555 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in ExlService in the first quarter worth about $102,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the sale, the insider directly owned 135,046 shares of the company's stock, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jaynie M. Studenmund sold 14,580 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The disclosure for this sale can be found here. 4.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXLS. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, ExlService currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

ExlService Stock Performance

ExlService stock traded down $0.09 during midday trading on Tuesday, reaching $42.13. 500,733 shares of the company traded hands, compared to its average volume of 1,607,737. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80. The business has a 50 day moving average of $45.02 and a two-hundred day moving average of $46.46. ExlService Holdings, Inc. has a 12 month low of $31.87 and a 12 month high of $52.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.41 and a quick ratio of 3.41.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The business had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. During the same period in the prior year, the company earned $0.38 earnings per share. The firm's revenue was up 14.8% on a year-over-year basis. As a group, research analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.