ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by KBC Group NV

KBC Group NV raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 13.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,466 shares of the business services provider’s stock after acquiring an additional 883 shares during the period. KBC Group NV’s holdings in ExlService were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Morse Asset Management Inc purchased a new position in shares of ExlService during the 4th quarter worth approximately $49,000. Johnson Financial Group Inc. acquired a new position in ExlService during the fourth quarter worth $85,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of ExlService during the fourth quarter worth $99,000. Huntington National Bank boosted its position in shares of ExlService by 94.9% during the fourth quarter. Huntington National Bank now owns 2,282 shares of the business services provider’s stock worth $101,000 after buying an additional 1,111 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of ExlService by 35.2% in the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider’s stock valued at $101,000 after buying an additional 555 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXLS. JPMorgan Chase & Co. increased their target price on ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $55.00 price objective on shares of ExlService in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $51.50.

Insider Buying and Selling at ExlService

In other news, Director Jaynie M. Studenmund sold 14,580 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $47.53, for a total value of $692,987.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vikas Bhalla sold 25,000 shares of the firm’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 transaction, the insider owned 135,046 shares in the company, valued at $6,226,971.06. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.04% of the company’s stock.

ExlService Stock Performance

Shares of EXLS opened at $45.26 on Friday. ExlService Holdings, Inc. has a 1 year low of $31.02 and a 1 year high of $52.43. The stock has a market capitalization of $7.36 billion, a PE ratio of 34.29, a PEG ratio of 2.07 and a beta of 0.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.41 and a current ratio of 3.41. The stock has a 50-day simple moving average of $45.99 and a 200-day simple moving average of $46.62.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The company had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.