Allspring Global Investments Holdings LLC Purchases 13,742 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Allspring Global Investments Holdings LLC raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 24.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,296 shares of the business services provider’s stock after acquiring an additional 13,742 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ExlService were worth $2,235,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EXLS. Compass Ion Advisors LLC raised its stake in ExlService by 20.5% during the 1st quarter. Compass Ion Advisors LLC now owns 26,163 shares of the business services provider’s stock valued at $832,000 after purchasing an additional 4,450 shares during the period. Bridge City Capital LLC grew its holdings in ExlService by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 107,129 shares of the business services provider’s stock valued at $3,407,000 after buying an additional 837 shares in the last quarter. NBC Securities Inc. grew its holdings in ExlService by 181.6% during the 1st quarter. NBC Securities Inc. now owns 29,776 shares of the business services provider’s stock valued at $946,000 after buying an additional 19,203 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in ExlService by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,867 shares of the business services provider’s stock valued at $520,000 after buying an additional 702 shares in the last quarter. Finally, Grayhawk Investment Strategies Inc. purchased a new position in ExlService during the 4th quarter valued at approximately $42,000. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Up 0.8 %

Shares of EXLS stock opened at $31.44 on Wednesday. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $33.40. The stock’s fifty day moving average price is $30.06 and its 200 day moving average price is $30.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.54. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. ExlService had a return on equity of 23.13% and a net margin of 10.92%. The firm had revenue of $436.51 million for the quarter, compared to the consensus estimate of $424.81 million. On average, research analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXLS has been the subject of several research analyst reports. Citigroup cut their price target on ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Wedbush upgraded ExlService from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $34.00 to $40.00 in a report on Wednesday, May 8th. TD Cowen lifted their target price on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of ExlService in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, ExlService has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Insider Buying and Selling at ExlService

In other ExlService 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 approximately $10,108,887.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Rohit Kapoor sold 15,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $30.61, for a total value of $459,150.00. Following the sale, the chief executive officer now owns 1,616,435 shares in the company, valued at $49,479,075.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was 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 owns 333,847 shares in the company, valued at approximately $10,108,887.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,837 shares of company stock worth $3,469,418. 3.75% of the stock is currently owned by insiders.

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.