ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Northern Trust Corp

Northern Trust Corp lifted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,178,673 shares of the business services provider's stock after buying an additional 252,669 shares during the quarter. Northern Trust Corp owned approximately 1.35% of ExlService worth $96,690,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXLS. Mather Group LLC. bought a new position in ExlService in the 4th quarter worth about $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService in the 4th quarter worth $26,000. USA Financial Formulas bought a new position in shares of ExlService during the 4th quarter worth $58,000. VisionPoint Advisory Group LLC purchased a new position in shares of ExlService during the fourth quarter valued at $58,000. Finally, UMB Bank n.a. raised its holdings in shares of ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after acquiring an additional 288 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

EXLS has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Friday. Stifel Nicolaus increased their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC increased their target price 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, ExlService currently has an average rating of "Moderate Buy" and a consensus price target of $52.33.

ExlService Stock Up 0.0 %

Shares of EXLS stock traded up $0.02 during trading hours on Friday, reaching $45.55. 1,068,781 shares of the company's stock were exchanged, compared to its average volume of 1,027,177. The stock has a market cap of $7.41 billion, a PE ratio of 39.96, a PEG ratio of 2.11 and a beta of 0.86. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock's fifty day moving average price is $45.69 and its two-hundred day moving average price is $46.28. 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 released its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share 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 net margin of 10.61% and a return on equity of 23.23%. ExlService's revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 4,989 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total transaction of $252,942.30. Following the completion of the sale, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,077,990.20. The trade was a 10.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,178 shares of company stock valued at $2,354,449. 4.16% of the stock is owned by company insiders.

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.