Pinebridge Investments L.P. Boosts Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Pinebridge Investments L.P. increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,318 shares of the business services provider's stock after purchasing an additional 21,045 shares during the period. Pinebridge Investments L.P.'s holdings in ExlService were worth $3,121,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Barclays PLC grew its stake in ExlService by 62.6% in the third quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock valued at $17,040,000 after acquiring an additional 171,912 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of ExlService by 5.4% in the third quarter. Sanctuary Advisors LLC now owns 10,744 shares of the business services provider's stock valued at $410,000 after purchasing an additional 547 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of ExlService in the third quarter valued at about $216,000. Franklin Resources Inc. lifted its holdings in shares of ExlService by 4.2% in the third quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider's stock valued at $3,953,000 after purchasing an additional 4,029 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of ExlService by 24.9% in the fourth quarter. GAMMA Investing LLC now owns 2,911 shares of the business services provider's stock valued at $129,000 after purchasing an additional 580 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Anita Mahon sold 10,558 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the transaction, the executive vice president now directly owns 94,443 shares of the company's stock, valued at $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,598 shares of company stock valued at $1,661,461 over the last ninety days. 4.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on EXLS shares. Jefferies Financial Group boosted 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 lowered ExlService from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Stifel Nicolaus raised their price target on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC increased their price objective on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, ExlService currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.86.

ExlService Trading Down 3.2 %

Shares of ExlService stock traded down $1.57 during midday trading on Thursday, reaching $46.91. The company had a trading volume of 912,637 shares, compared to its average volume of 1,014,876. The stock has a fifty day moving average price of $45.97 and a 200 day moving average price of $45.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market cap of $7.61 billion, a PE ratio of 41.12, a P/E/G ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $501.02 million during 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 firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. On average, equities analysts anticipate 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.