Next Century Growth Investors LLC Has $18.49 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Next Century Growth Investors LLC raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 416,567 shares of the business services provider’s stock after acquiring an additional 3,670 shares during the period. ExlService accounts for 1.4% of Next Century Growth Investors LLC’s portfolio, making the stock its 21st largest position. Next Century Growth Investors LLC’s holdings in ExlService were worth $18,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in EXLS. Mather Group LLC. acquired a new stake in shares of ExlService in the fourth quarter worth $25,000. Kestra Investment Management LLC acquired a new stake in ExlService in the 4th quarter worth $26,000. VisionPoint Advisory Group LLC bought a new position in shares of ExlService during the 4th quarter worth about $58,000. USA Financial Formulas bought a new position in shares of ExlService during the 4th quarter worth about $58,000. Finally, UMB Bank n.a. raised its position in shares of ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after buying an additional 288 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock valued at $2,337,284 in the last three months. 4.16% of the stock is owned by corporate insiders.

ExlService Stock Up 2.1 %

Shares of NASDAQ EXLS opened at $44.94 on Friday. ExlService Holdings, Inc. has a 52-week low of $28.59 and a 52-week high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The business has a fifty day moving average of $47.53 and a two-hundred day moving average of $45.40. The stock has a market cap of $7.29 billion, a PE ratio of 39.42, a PEG ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their target price on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC boosted their price objective on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Finally, Jefferies Financial Group boosted their price target on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.86.

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.