ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,000 shares of the business services provider’s stock after buying an additional 2,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in ExlService were worth $1,198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its holdings in ExlService by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after acquiring an additional 233,108 shares in the last quarter. State Street Corp raised its position in shares of ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after purchasing an additional 59,196 shares during the last quarter. Geneva Capital Management LLC raised its position in shares of ExlService by 1.9% during the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after purchasing an additional 87,592 shares during the last quarter. Geode Capital Management LLC lifted its stake in ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after buying an additional 149,856 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in ExlService by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock worth $108,756,000 after buying an additional 88,759 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Trading Up 5.5 %

EXLS opened at $49.73 on Wednesday. The business has a fifty day simple moving average of $45.67 and a 200-day simple moving average of $40.09. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $50.11. 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 market cap of $8.00 billion, a P/E ratio of 43.62, a P/E/G ratio of 1.97 and a beta of 1.02.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same quarter last year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares of the company’s stock, valued at approximately $642,249. This represents a 20.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.07, for a total value of $4,207,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,190,240 shares of the company’s stock, valued at $50,073,396.80. This trade represents a 7.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 426,458 shares of company stock worth $18,720,514. Company insiders own 4.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup upped their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Robert W. Baird upped their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC boosted their price objective on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and an average target price of $45.00.

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.