ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,050 shares of the business services provider’s stock after buying an additional 955 shares during the quarter. Deutsche Bank AG owned about 0.11% of ExlService worth $7,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new position in ExlService during the fourth quarter worth about $25,000. Kestra Investment Management LLC bought a new position in shares of ExlService during the 4th quarter valued at about $26,000. VisionPoint Advisory Group LLC acquired a new position in shares of ExlService in the 4th quarter worth approximately $58,000. Johnson Financial Group Inc. bought a new stake in shares of ExlService in the 4th quarter worth approximately $85,000. Finally, UMB Bank n.a. lifted its stake in ExlService by 17.6% during the fourth 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 last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In other news, Director Jaynie M. Studenmund sold 14,580 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $47.53, for a total transaction of $692,987.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vikas Bhalla sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total value of $1,152,750.00. Following the completion of the sale, the insider now owns 135,046 shares of the company’s stock, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,992 shares of company stock worth $2,673,620 over the last ninety days. 4.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EXLS has been the topic of several recent research reports. Needham & Company LLC upped their price target on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Jefferies Financial Group boosted their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus upped their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, ExlService has an average rating of “Moderate Buy” and a consensus target price of $52.33.

ExlService Stock Performance

EXLS stock opened at $46.07 on Friday. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market cap of $7.50 billion, a P/E ratio of 40.41, a P/E/G ratio of 2.11 and a beta of 0.86. The firm has a 50 day simple moving average of $45.65 and a 200 day simple moving average of $46.52.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same period in the prior year, the firm posted $0.38 EPS. The business’s revenue was up 14.8% compared to the same quarter last year. Research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.