Bessemer Group Inc. Buys 45,336 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Bessemer Group Inc. increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 629,845 shares of the business services provider’s stock after buying an additional 45,336 shares during the quarter. Bessemer Group Inc. owned about 0.39% of ExlService worth $20,030,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EXLS. Public Employees Retirement System of Ohio boosted its holdings 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 valued at $29,000 after acquiring an additional 857 shares during the period. Principal Securities Inc. bought a new position in shares of ExlService in the fourth quarter worth about $34,000. Parallel Advisors LLC increased its stake in ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after buying an additional 366 shares during the period. Fidelis Capital Partners LLC purchased a new position in ExlService in the 1st quarter worth about $43,000. Finally, Grayhawk Investment Strategies Inc. bought a new stake in ExlService during the 4th quarter valued at about $42,000. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Up 1.4 %

Shares of ExlService stock traded up $0.48 on Thursday, reaching $34.57. The stock had a trading volume of 72,162 shares, compared to its average volume of 965,358. ExlService Holdings, Inc. has a 1 year low of $25.17 and a 1 year high of $34.81. The company has a 50 day moving average price of $30.96 and a 200 day moving average price of $30.83. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $5.79 billion, a P/E ratio of 31.51, a P/E/G ratio of 1.83 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $436.51 million for the quarter, compared to the consensus estimate of $424.81 million. ExlService had a return on equity of 23.13% and a net margin of 10.92%. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of ExlService in a report on Friday, May 3rd. TD Cowen raised their target price on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Citigroup upped their price target on shares of ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $34.00 to $40.00 in a research note on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.33.

Insider Activity at ExlService

In other news, insider Vivek Jetley sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the sale, the insider now owns 333,847 shares in the company, valued at $10,108,887.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total value of $121,120.00. Following the completion of the sale, the insider now directly owns 333,847 shares in the company, valued at approximately $10,108,887.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Maurizio Nicolelli sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $30.66, for a total transaction of $367,920.00. Following the transaction, the chief financial officer now owns 138,985 shares in the company, valued at approximately $4,261,280.10. The disclosure for this sale can be found here. Insiders have sold 141,587 shares of company stock valued at $4,438,140 in the last ninety days. Corporate insiders own 3.75% of the company’s stock.

ExlService 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.