Wells Fargo & Company MN Boosts Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Wells Fargo & Company MN boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 32.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,886 shares of the business services provider's stock after purchasing an additional 98,493 shares during the quarter. Wells Fargo & Company MN owned about 0.25% of ExlService worth $17,703,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of ExlService during the fourth quarter worth approximately $106,452,000. Handelsbanken Fonder AB raised its position in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after buying an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. bought a new stake in ExlService during the fourth quarter worth $52,852,000. Axiom Investors LLC DE acquired a new stake in ExlService in the fourth quarter valued at about $20,419,000. Finally, American Century Companies Inc. lifted its holdings in shares of ExlService by 204.2% in the fourth quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider's stock worth $27,055,000 after acquiring an additional 409,242 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Activity at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction dated 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 approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the business's 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 completion of the transaction, the executive vice president now directly owns 40,986 shares of the company's stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock valued at $2,337,284 over the last 90 days. Corporate insiders own 4.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com lowered ExlService from a "buy" rating to a "hold" rating in a research report on Monday. Needham & Company LLC upped their target price on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Jefferies Financial Group lifted 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. Finally, Stifel Nicolaus increased their target price 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $48.86.

ExlService Stock Down 1.3 %

ExlService stock traded down $0.59 during mid-day trading on Friday, hitting $44.89. The company had a trading volume of 1,538,613 shares, compared to its average volume of 982,280. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43. The company has a market capitalization of $7.29 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The stock's 50 day moving average price is $47.04 and its two-hundred day moving average price is $45.56. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last announced 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 the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal 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.