Intrust Bank NA Invests $221,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Intrust Bank NA bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,987 shares of the business services provider’s stock, valued at approximately $221,000.

Several other hedge funds have also modified their holdings of EXLS. Norges Bank acquired a new stake in ExlService in the fourth quarter valued at approximately $106,452,000. Handelsbanken Fonder AB grew its holdings in ExlService by 313.9% during 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 purchasing an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ExlService during the 4th quarter worth $52,852,000. American Century Companies Inc. lifted its holdings in ExlService by 204.2% in the 4th quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider’s stock worth $27,055,000 after buying an additional 409,242 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in ExlService by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock valued at $699,925,000 after buying an additional 215,485 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Performance

ExlService stock opened at $46.80 on Monday. The company has a market cap of $7.60 billion, a PE ratio of 41.05, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $52.43. The company has a fifty day moving average price of $48.73 and a two-hundred day moving average price of $44.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. Research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EXLS shares. Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Needham & Company LLC upped their target price on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Stifel Nicolaus raised their price target on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price of $47.38.

Insider Buying and Selling

In other ExlService news, EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares in the company, 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. In the last 90 days, insiders have sold 47,351 shares of company stock valued at $2,337,284. Insiders own 4.16% of the company’s stock.

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.