Russell Investments Group Ltd. Raises Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Russell Investments Group Ltd. grew its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,915 shares of the business services provider’s stock after acquiring an additional 23,953 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of ExlService worth $8,251,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of ExlService by 7.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 638,017 shares of the business services provider’s stock valued at $28,315,000 after purchasing an additional 42,808 shares during the period. Aviva PLC acquired a new position in ExlService in the 4th quarter valued at about $398,000. Wells Fargo & Company MN grew its stake in shares of ExlService by 32.8% in the 4th quarter. Wells Fargo & Company MN now owns 398,886 shares of the business services provider’s stock valued at $17,703,000 after buying an additional 98,493 shares during the period. Integrated Quantitative Investments LLC acquired a new stake in shares of ExlService during the 4th quarter worth approximately $841,000. Finally, ExodusPoint Capital Management LP raised its position in shares of ExlService by 34.0% during the 4th quarter. ExodusPoint Capital Management LP now owns 78,958 shares of the business services provider’s stock valued at $3,504,000 after buying an additional 20,039 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

Shares of ExlService stock opened at $44.94 on Friday. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The business has a 50-day moving average of $47.53 and a 200 day moving average of $45.40. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 EPS 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 during the quarter, compared to analysts’ expectations of $475.68 million. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares of the company’s stock, 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 a total of 47,351 shares of company stock worth $2,337,284 over the last 90 days. Corporate 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.