Nomura Holdings Inc. Makes New $946,000 Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Nomura Holdings Inc. acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,308 shares of the business services provider’s stock, valued at approximately $946,000.

Other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in ExlService in the fourth quarter worth about $25,000. Kestra Investment Management LLC purchased a new position in shares of ExlService in the fourth quarter worth about $26,000. Morse Asset Management Inc purchased a new position in shares of ExlService in the fourth quarter worth about $49,000. VisionPoint Advisory Group LLC purchased a new position in shares of ExlService in the fourth quarter worth about $58,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of ExlService in the fourth quarter worth about $85,000. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Needham & Company LLC boosted their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Stifel Nicolaus boosted their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

ExlService Trading Up 0.5%

Shares of ExlService stock opened at $46.29 on Tuesday. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43. The firm has a market cap of $7.53 billion, a PE ratio of 40.61, a PEG ratio of 2.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a 50 day simple moving average of $45.66 and a two-hundred day simple moving average of $46.58.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $501.02 million during the quarter, compared to analyst estimates of $489.66 million. During the same period in the previous year, the business posted $0.38 earnings per share. ExlService’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. The trade was a 10.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay Ayyappan sold 4,989 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total transaction of $252,942.30. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at approximately $2,077,990.20. The trade was a 10.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,992 shares of company stock worth $2,673,620 over the last three months. 4.04% 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.