Russell Investments Group Ltd. Has $6.71 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Russell Investments Group Ltd. lifted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 56.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 217,492 shares of the business services provider’s stock after acquiring an additional 78,532 shares during the quarter. Russell Investments Group Ltd.’s holdings in ExlService were worth $6,710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EXLS. Public Employees Retirement System of Ohio boosted its position in ExlService by 439.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after acquiring an additional 857 shares during the period. Operose Advisors LLC acquired a new stake in shares of ExlService during the third quarter worth approximately $38,000. RiverPark Advisors LLC grew its position in ExlService by 65.2% during the fourth quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 503 shares in the last quarter. GAMMA Investing LLC acquired a new position in ExlService in the 4th quarter valued at approximately $43,000. Finally, Fifth Third Bancorp lifted its position in ExlService by 944.3% in the 3rd quarter. Fifth Third Bancorp now owns 1,556 shares of the business services provider’s stock worth $44,000 after buying an additional 1,407 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXLS. TD Cowen boosted their price target on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, May 3rd. Citigroup cut their price target on ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $34.00 to $40.00 in a research note on Wednesday. Finally, StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

ExlService Stock Up 0.4 %

EXLS opened at $30.81 on Thursday. The firm has a market cap of $5.00 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.54 and a current ratio of 2.54. The business has a 50 day moving average price of $30.56 and a 200 day moving average price of $29.89. ExlService Holdings, Inc. has a twelve month low of $25.17 and a twelve month high of $33.40.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). ExlService had a return on equity of 23.13% and a net margin of 10.92%. The firm had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. Research analysts forecast that ExlService Holdings, Inc. will post 1.3 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the sale, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Vikas Bhalla sold 23,760 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total value of $748,677.60. Following the sale, the executive vice president now owns 127,046 shares in the company, valued at $4,003,219.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The disclosure for this sale can be found here. Company insiders own 3.75% 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.