Bridge City Capital LLC Acquires Shares of 10,450 ExlService Holdings, Inc. (NASDAQ:EXLS)

Bridge City Capital LLC bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,450 shares of the business services provider’s stock, valued at approximately $1,579,000.

A number of other hedge funds have also recently modified their holdings of the stock. Signaturefd LLC boosted its position in ExlService by 38.8% in the 1st quarter. Signaturefd LLC now owns 236 shares of the business services provider’s stock worth $38,000 after purchasing an additional 66 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of ExlService in the 1st quarter valued at $61,000. Quarry LP boosted its holdings in ExlService by 120.5% during the first quarter. Quarry LP now owns 430 shares of the business services provider’s stock worth $70,000 after buying an additional 235 shares in the last quarter. Global Retirement Partners LLC grew its position in ExlService by 56.4% during the first quarter. Global Retirement Partners LLC now owns 413 shares of the business services provider’s stock valued at $71,000 after buying an additional 149 shares during the period. Finally, Grandeur Peak Global Advisors LLC purchased a new position in ExlService in the first quarter valued at $114,000. Hedge funds and other institutional investors own 18.96% of the company’s stock.

Insider Buying and Selling

In other ExlService news, EVP Vikas Bhalla sold 25,995 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $28.23, for a total value of $733,838.85. Following the completion of the sale, the executive vice president now owns 75,730 shares in the company, valued at approximately $2,137,857.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of ExlService from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 22nd. Citigroup lowered their price target on ExlService from $32.40 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, October 16th. Jefferies Financial Group assumed coverage on ExlService in a research report on Tuesday, September 19th. They issued a “hold” rating and a $33.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of ExlService in a research report on Friday, July 28th. Finally, TD Cowen cut their price target on shares of ExlService to $37.00 and set an “outperform” rating for the company in a report on Monday, August 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.67.

ExlService Price Performance

Shares of NASDAQ:EXLS traded up $0.42 during trading on Friday, reaching $27.93. The stock had a trading volume of 833,202 shares, compared to its average volume of 1,129,041. The business has a fifty day moving average price of $27.80 and a 200-day moving average price of $30.02. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $37.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market cap of $4.61 billion, a PE ratio of 26.86, a PEG ratio of 1.56 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. ExlService had a net margin of 11.07% and a return on equity of 23.66%. The company had revenue of $410.97 million for the quarter, compared to analysts’ expectations of $405.68 million. On average, equities analysts forecast that ExlService Holdings, Inc. will post 1.14 earnings per share for the current fiscal year.

ExlService Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company 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.