14,136 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Bought by Guggenheim Capital LLC

Guggenheim Capital LLC bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,136 shares of the business services provider's stock, valued at approximately $627,000.

Several other large investors also recently made changes to their positions in the stock. Next Century Growth Investors LLC increased its stake in shares of ExlService by 0.9% during the 4th quarter. Next Century Growth Investors LLC now owns 416,567 shares of the business services provider's stock worth $18,487,000 after purchasing an additional 3,670 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of ExlService by 4.0% during the fourth quarter. Bessemer Group Inc. now owns 793,135 shares of the business services provider's stock worth $35,199,000 after acquiring an additional 30,321 shares during the period. Raymond James Financial Inc. bought a new stake in shares of ExlService during the fourth quarter worth approximately $52,852,000. Renaissance Group LLC boosted its stake in shares of ExlService by 11.4% in the fourth quarter. Renaissance Group LLC now owns 119,407 shares of the business services provider's stock valued at $5,299,000 after buying an additional 12,266 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of ExlService by 127.7% in the fourth quarter. Invesco Ltd. now owns 701,623 shares of the business services provider's stock valued at $31,138,000 after buying an additional 393,439 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Transactions at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,598 shares of company stock worth $1,661,461. Corporate insiders own 4.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Stifel Nicolaus boosted their price objective 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. Needham & Company LLC boosted their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.86.

ExlService Price Performance

Shares of NASDAQ:EXLS traded up $3.50 during trading on Wednesday, hitting $48.48. 4,216,817 shares of the company were exchanged, compared to its average volume of 1,014,959. The business's 50 day moving average is $45.97 and its 200-day moving average is $45.93. The company has a market capitalization of $7.87 billion, a P/E ratio of 42.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 1-year low of $28.59 and a 1-year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (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 10.61% and a return on equity of 23.23%. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. Equities analysts forecast 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.