MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 3,399 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,449 shares of the business services provider’s stock after acquiring an additional 3,399 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of ExlService worth $3,970,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in ExlService by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock worth $699,925,000 after buying an additional 215,485 shares in the last quarter. FMR LLC grew its holdings in ExlService by 39.4% during the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock worth $415,588,000 after buying an additional 2,647,937 shares in the last quarter. Norges Bank bought a new stake in ExlService during the fourth quarter worth $106,452,000. Handelsbanken Fonder AB grew its holdings in ExlService by 313.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after buying an additional 1,664,400 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in ExlService by 13.1% during the fourth quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider’s stock worth $96,690,000 after buying an additional 252,669 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

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

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $46.29 on Tuesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $7.53 billion, a PE ratio of 40.61, a P/E/G ratio of 2.11 and a beta of 0.86. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The company has a 50-day moving average price of $45.66 and a two-hundred day moving average price of $46.58.

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 analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $501.02 million during the quarter, compared to analyst estimates of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. Equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 1,865 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $48.32, for a total transaction of $90,116.80. Following the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at approximately $1,980,443.52. This represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 135,046 shares in the company, valued at $6,226,971.06. This trade represents a 15.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,992 shares of company stock valued at $2,673,620. Corporate insiders own 4.04% 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.