Bessemer Group Inc. Acquires 28,346 Shares of ExlService Holdings, Inc. $EXLS

Bessemer Group Inc. lifted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 4.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 677,197 shares of the business services provider’s stock after acquiring an additional 28,346 shares during the quarter. Bessemer Group Inc.’s holdings in ExlService were worth $29,654,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EXLS. JPMorgan Chase & Co. grew its stake in shares of ExlService by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider’s stock worth $316,540,000 after acquiring an additional 1,943,471 shares in the last quarter. Nuveen LLC bought a new stake in shares of ExlService in the 1st quarter worth $91,114,000. Driehaus Capital Management LLC bought a new stake in shares of ExlService in the 1st quarter worth $57,681,000. Invesco Ltd. grew its stake in shares of ExlService by 125.5% in the 1st quarter. Invesco Ltd. now owns 1,582,235 shares of the business services provider’s stock worth $74,697,000 after acquiring an additional 880,612 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of ExlService by 1,632.6% in the 1st quarter. Millennium Management LLC now owns 771,653 shares of the business services provider’s stock worth $36,430,000 after acquiring an additional 727,117 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Trading Up 0.6%

Shares of EXLS opened at $41.47 on Tuesday. The business’s 50-day moving average price is $42.82 and its 200-day moving average price is $44.10. ExlService Holdings, Inc. has a twelve month low of $38.36 and a twelve month high of $52.43. The stock has a market cap of $6.70 billion, a PE ratio of 28.80, a P/E/G ratio of 1.89 and a beta of 0.86. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The firm had revenue of $514.46 million for the quarter, compared to analysts’ expectations of $504.87 million. During the same period in the prior year, the business posted $0.40 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXLS. Weiss Ratings lowered shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. JPMorgan Chase & Co. cut their price target on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus target price of $52.40.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following the sale, the insider directly owned 127,046 shares in the company, valued at $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.04% of the stock is currently owned by corporate insiders.

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.