KBC Group NV Acquires 1,512 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

KBC Group NV raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 29.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,583 shares of the business services provider’s stock after purchasing an additional 1,512 shares during the period. KBC Group NV’s holdings in ExlService were worth $292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EXLS. Ashton Thomas Securities LLC bought a new stake in shares of ExlService in the third quarter valued at approximately $27,000. Huntington National Bank lifted its position in shares of ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares during the period. USA Financial Formulas acquired a new stake in shares of ExlService during the 4th quarter worth $58,000. UMB Bank n.a. increased its position in shares of ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after purchasing an additional 375 shares during the period. Finally, GAMMA Investing LLC raised its stake in ExlService by 32.8% in the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock valued at $89,000 after purchasing an additional 576 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EXLS shares. Needham & Company LLC increased their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday. Robert W. Baird lifted their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Citigroup upped their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, ExlService presently has an average rating of “Moderate Buy” and an average target price of $45.00.

ExlService Stock Up 1.4 %

Shares of EXLS opened at $50.95 on Tuesday. The stock has a fifty day moving average of $46.50 and a 200-day moving average of $41.17. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $51.10. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 2.10 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

Insider Activity at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the completion of the transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 217,398 shares of company stock worth $10,089,385 in the last quarter. 4.16% of the stock is owned by insiders.

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.