MetLife Investment Management LLC Grows Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

MetLife Investment Management LLC increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 7.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 182,548 shares of the business services provider's stock after buying an additional 12,454 shares during the period. MetLife Investment Management LLC owned 0.11% of ExlService worth $8,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of ExlService in the 4th quarter worth approximately $25,000. Kestra Investment Management LLC purchased a new stake in ExlService during the 4th quarter valued at $26,000. USA Financial Formulas purchased a new stake in ExlService during the 4th quarter valued at $58,000. VisionPoint Advisory Group LLC bought a new stake in shares of ExlService in the 4th quarter worth $58,000. Finally, UMB Bank n.a. increased its holdings in shares of ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after purchasing an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Activity at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 4,989 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,077,990.20. The trade was a 10.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,351 shares of company stock worth $2,337,284. Company insiders own 4.16% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on EXLS shares. Stifel Nicolaus lifted their target price on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Needham & Company LLC lifted their target price on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com downgraded ExlService from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.86.

ExlService Price Performance

Shares of EXLS traded down $0.39 during mid-day trading on Friday, hitting $44.43. 1,546,014 shares of the stock were exchanged, compared to its average volume of 996,419. The company has a market cap of $7.21 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a 52-week low of $28.59 and a 52-week high of $52.43. The firm has a 50-day moving average of $46.21 and a two-hundred day moving average of $45.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million for the quarter, compared to analysts' expectations of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

ExlService Company 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.