NBC Securities Inc. Buys 866 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

NBC Securities Inc. boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,972 shares of the business services provider’s stock after purchasing an additional 866 shares during the quarter. NBC Securities Inc.’s holdings in ExlService were worth $1,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of ExlService by 0.9% in the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after acquiring an additional 160,723 shares during the period. Mackenzie Financial Corp lifted its stake in shares of 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 purchasing an additional 233,108 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after buying an additional 1,618,003 shares during the last quarter. Geneva Capital Management LLC grew its position in ExlService by 8.7% during the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after buying an additional 365,776 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in ExlService by 1.2% during the second quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after buying an additional 46,302 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 21,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the transaction, the executive vice president now owns 29,909 shares of the company’s stock, valued at approximately $1,028,271.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Ajay Ayyappan sold 21,000 shares of ExlService stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total value of $721,980.00. Following the transaction, the executive vice president now directly owns 29,909 shares in the company, valued at approximately $1,028,271.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vivek Jetley sold 2,015 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total value of $72,036.25. Following the sale, the insider now owns 326,642 shares of the company’s stock, valued at $11,677,451.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,875 shares of company stock worth $4,716,859. 3.75% of the stock is currently owned by company insiders.

ExlService Trading Down 0.5 %

EXLS stock opened at $39.70 on Wednesday. The firm has a fifty day moving average price of $36.54 and a 200 day moving average price of $32.92. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $40.36. The firm has a market cap of $6.65 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $448.40 million for the quarter, compared to analyst estimates of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. ExlService’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. Sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXLS has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of ExlService in a research report on Friday, August 2nd. Citigroup upped their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday. Robert W. Baird boosted their price objective on ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.86.

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.