Robeco Institutional Asset Management B.V. Raises Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Posted by Defense World Staff on May 6th, 2023

Robeco Institutional Asset Management B.V. grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 60.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,754 shares of the business services provider’s stock after purchasing an additional 3,294 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in ExlService were worth $1,483,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Signaturefd LLC increased its holdings in shares of ExlService by 56.0% during the 3rd quarter. Signaturefd LLC now owns 170 shares of the business services provider’s stock worth $25,000 after buying an additional 61 shares during the last quarter. Ellevest Inc. acquired a new stake in shares of ExlService during the 3rd quarter worth $27,000. Wipfli Financial Advisors LLC acquired a new stake in shares of ExlService during the 3rd quarter worth $29,000. Assetmark Inc. increased its holdings in shares of ExlService by 88.8% during the 3rd quarter. Assetmark Inc. now owns 504 shares of the business services provider’s stock worth $74,000 after buying an additional 237 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of ExlService by 358.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 642 shares of the business services provider’s stock worth $95,000 after buying an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 95.84% of the company’s stock.

ExlService Stock Down 4.2 %

Shares of ExlService stock opened at $157.04 on Friday. The business has a 50-day moving average of $162.03 and a 200-day moving average of $170.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market capitalization of $5.22 billion, a PE ratio of 33.63, a P/E/G ratio of 2.06 and a beta of 1.00. ExlService Holdings, Inc. has a 1-year low of $126.17 and a 1-year high of $191.18.

ExlService (NASDAQ:EXLS – Get Rating) last announced its earnings results on Thursday, February 23rd. The business services provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.03. The company had revenue of $374.70 million during the quarter, compared to the consensus estimate of $361.14 million. ExlService had a return on equity of 23.43% and a net margin of 10.66%. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 5.53 EPS for the current fiscal year.

Insider Activity

In other news, SVP Ajay Ayyappan sold 593 shares of the stock in a transaction dated Sunday, February 19th. The shares were sold at an average price of $168.81, for a total transaction of $100,104.33. Following the transaction, the senior vice president now owns 5,369 shares of the company’s stock, valued at $906,340.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Andreas Fibig purchased 600 shares of ExlService stock in a transaction dated Tuesday, February 28th. The shares were acquired at an average price of $165.85 per share, with a total value of $99,510.00. Following the completion of the transaction, the director now owns 600 shares of the company’s stock, valued at approximately $99,510. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Ajay Ayyappan sold 593 shares of the stock in a transaction dated Sunday, February 19th. The stock was sold at an average price of $168.81, for a total transaction of $100,104.33. Following the transaction, the senior vice president now directly owns 5,369 shares in the company, valued at approximately $906,340.89. The disclosure for this sale can be found here. Insiders sold 3,087 shares of company stock worth $535,487 over the last ninety days. Corporate insiders own 3.51% of the company’s stock.

Analysts Set New Price Targets

EXLS has been the subject of a number of research analyst reports. Citigroup upgraded ExlService from a “sell” rating to a “neutral” rating and set a $160.00 price objective for the company in a report on Wednesday, March 15th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of ExlService in a report on Friday, March 3rd. Finally, StockNews.com initiated coverage on ExlService in a report on Thursday, March 16th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $180.00.

About ExlService

(Get Rating)

ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.

Robeco Institutional Asset Management B.V. Raises Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

ExlService Stock Down 4.2 %

Insider Activity

Analysts Set New Price Targets

About ExlService

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