ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Acquired by Next Century Growth Investors LLC

Next Century Growth Investors LLC boosted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 416,567 shares of the business services provider’s stock after acquiring an additional 3,670 shares during the quarter. ExlService accounts for 1.4% of Next Century Growth Investors LLC’s portfolio, making the stock its 21st largest position. Next Century Growth Investors LLC owned about 0.26% of ExlService worth $18,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mather Group LLC. bought a new stake in shares of ExlService during the 4th quarter worth about $25,000. Kestra Investment Management LLC bought a new stake in ExlService during the fourth quarter worth approximately $26,000. VisionPoint Advisory Group LLC acquired a new stake in ExlService in the fourth quarter worth approximately $58,000. USA Financial Formulas bought a new position in ExlService during the 4th quarter valued at $58,000. Finally, UMB Bank n.a. increased its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 288 shares during the period. 92.92% of the stock is currently owned by institutional investors.

ExlService Trading Up 2.1 %

NASDAQ EXLS opened at $44.94 on Friday. The firm’s 50 day moving average price is $47.53 and its two-hundred day moving average price is $45.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $475.68 million. Equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Stifel Nicolaus lifted their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group increased their target price on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC lifted their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.86.

Insider Transactions at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction on Monday, January 27th. The stock was 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 of the company’s stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the business’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 $4,336,822.56. This trade represents a 10.06 % 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 three months. 4.16% of the stock is owned by corporate insiders.

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.