Intrust Bank NA Takes Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Intrust Bank NA bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,987 shares of the business services provider’s stock, valued at approximately $221,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of ExlService during the 4th quarter valued at $106,452,000. Handelsbanken Fonder AB boosted its stake 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 valued at $97,400,000 after buying an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. acquired a new position in ExlService during the fourth quarter worth about $52,852,000. American Century Companies Inc. raised its position in ExlService by 204.2% in the fourth quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider’s stock worth $27,055,000 after acquiring an additional 409,242 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in ExlService by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock valued at $699,925,000 after acquiring an additional 215,485 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXLS has been the topic of several recent research reports. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Stifel Nicolaus lifted their price target on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group increased their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC lifted their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

Insider Buying and Selling

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction on 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. This trade represents a 6.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by company insiders.

ExlService Price Performance

EXLS opened at $46.80 on Monday. The firm has a market capitalization of $7.60 billion, a P/E ratio of 41.05, a PEG ratio of 2.11 and a beta of 1.10. The stock has a fifty day moving average of $48.73 and a 200-day moving average of $44.83. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. Equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS 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.