Principal Financial Group Inc. Acquires 3,508 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Principal Financial Group Inc. raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 440,393 shares of the business services provider’s stock after acquiring an additional 3,508 shares during the period. Principal Financial Group Inc. owned about 0.27% of ExlService worth $19,545,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Fiera Capital Corp grew its position in shares of ExlService by 497.8% in the 3rd quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock valued at $30,549,000 after purchasing an additional 666,805 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of ExlService in the third quarter valued at approximately $17,198,000. Barclays PLC increased its position in shares of ExlService by 62.6% during the third quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after acquiring an additional 171,912 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of ExlService during the third quarter worth $6,045,000. Finally, Geode Capital Management LLC lifted its position in ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after acquiring an additional 149,856 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,110,779. The trade was a 28.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,928 shares of company stock valued at $1,762,344. 4.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Robert W. Baird increased their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Needham & Company LLC boosted their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, ExlService has a consensus rating of “Moderate Buy” and an average price target of $45.00.

ExlService Trading Up 0.4 %

Shares of ExlService stock opened at $48.21 on Tuesday. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $47.83 and its 200-day moving average is $42.92. The stock has a market cap of $7.76 billion, a P/E ratio of 42.29, a P/E/G ratio of 2.11 and a beta of 1.03.

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.