KBC Group NV Boosts Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

KBC Group NV boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 16.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,071 shares of the business services provider’s stock after acquiring an additional 699 shares during the quarter. KBC Group NV’s holdings in ExlService were worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of EXLS. Orion Portfolio Solutions LLC boosted its holdings in ExlService by 60.7% during the 1st quarter. Orion Portfolio Solutions LLC now owns 26,750 shares of the business services provider’s stock valued at $851,000 after acquiring an additional 10,101 shares during the period. Vanguard Group Inc. lifted its holdings in ExlService by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after buying an additional 160,723 shares during the period. Sheaff Brock Investment Advisors LLC lifted its holdings in ExlService by 16.2% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 47,424 shares of the business services provider’s stock worth $1,508,000 after buying an additional 6,618 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in ExlService in the 1st quarter worth approximately $19,417,000. Finally, New Covenant Trust Company N.A. purchased a new stake in ExlService in the 1st quarter worth approximately $30,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on EXLS. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Finally, Robert W. Baird raised their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Performance

Shares of EXLS opened at $44.38 on Thursday. 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 Holdings, Inc. has a one year low of $27.75 and a one year high of $47.32. The firm has a market capitalization of $7.14 billion, a P/E ratio of 38.93, a PEG ratio of 2.17 and a beta of 0.99. The business has a fifty day moving average of $40.25 and a 200 day moving average of $35.25.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. ExlService’s revenue was up 14.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. The trade was a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the transaction, the insider now directly owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 457,813 shares of company stock valued at $19,826,252. Company insiders own 4.16% of the company’s stock.

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.