Russell Investments Group Ltd. Grows Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Russell Investments Group Ltd. increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 185,915 shares of the business services provider's stock after purchasing an additional 23,953 shares during the period. Russell Investments Group Ltd. owned 0.12% of ExlService worth $8,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its position in ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after acquiring an additional 359 shares during the last quarter. Stifel Financial Corp grew its position in shares of ExlService by 38.1% in the third quarter. Stifel Financial Corp now owns 81,359 shares of the business services provider's stock valued at $3,104,000 after purchasing an additional 22,435 shares in the last quarter. Wolverine Trading LLC acquired a new stake in shares of ExlService in the third quarter valued at approximately $327,000. MML Investors Services LLC lifted its position in ExlService by 23.2% during the third quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider's stock worth $397,000 after buying an additional 1,959 shares in the last quarter. Finally, Barclays PLC grew its holdings in ExlService by 62.6% in the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock valued at $17,040,000 after buying an additional 171,912 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Down 1.3 %

EXLS stock traded down $0.59 during midday trading on Friday, hitting $44.89. The company's stock had a trading volume of 1,538,613 shares, compared to its average volume of 982,968. ExlService Holdings, Inc. has a 52-week low of $28.59 and a 52-week high of $52.43. The firm has a market capitalization of $7.29 billion, a P/E ratio of 39.38, a PEG 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. The firm has a 50-day simple moving average of $47.04 and a 200-day simple moving average of $45.56.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The firm had revenue of $481.43 million during 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%. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 4,989 shares of ExlService stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total transaction 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. This represents a 10.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock worth $2,337,284 over the last ninety days. Corporate insiders own 4.16% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EXLS shares. Jefferies Financial Group boosted their price target on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. 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. StockNews.com lowered ExlService from a "buy" rating to a "hold" rating in a research note on Monday. Finally, 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 report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.86.

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.