Intech Investment Management LLC Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Intech Investment Management LLC bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 31,304 shares of the business services provider's stock, valued at approximately $1,194,000.

Several other hedge funds also recently modified their holdings of EXLS. New Covenant Trust Company N.A. acquired a new position in ExlService during the 1st quarter worth about $30,000. GAMMA Investing LLC grew its stake in shares of ExlService by 28.7% during the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock valued at $55,000 after purchasing an additional 391 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of ExlService by 10.0% in the second quarter. Linden Thomas Advisory Services LLC now owns 15,063 shares of the business services provider's stock valued at $472,000 after purchasing an additional 1,373 shares in the last quarter. SG Americas Securities LLC raised its position in ExlService by 780.7% in the 2nd quarter. SG Americas Securities LLC now owns 31,318 shares of the business services provider's stock worth $982,000 after purchasing an additional 27,762 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in ExlService by 5.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider's stock worth $223,000 after buying an additional 349 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 22,813 shares of the firm's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the transaction, the insider now directly owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the transaction, the chief executive officer now owns 689,645 shares in the company, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 461,458 shares of company stock valued at $19,986,814. Corporate insiders own 4.16% of the company's stock.

Wall Street Analysts Forecast Growth

EXLS has been the topic of several research reports. Jefferies Financial Group raised ExlService from a "hold" rating to a "buy" rating and upped their price target for the company from $35.00 to $42.00 in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their target price on shares of ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Wednesday, November 13th. Needham & Company LLC increased their price objective on shares of ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Citigroup raised their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, October 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, ExlService has an average rating of "Moderate Buy" and a consensus price target of $42.86.

ExlService Stock Down 0.9 %

Shares of ExlService stock traded down $0.43 during trading on Wednesday, reaching $46.59. The stock had a trading volume of 512,457 shares, compared to its average volume of 946,376. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 41.25, a P/E/G ratio of 2.28 and a beta of 0.99. ExlService Holdings, Inc. has a 52 week low of $27.95 and a 52 week high of $47.37. The stock has a fifty day moving average price of $41.06 and a two-hundred day moving average price of $35.73.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The business's revenue was up 14.9% on a year-over-year basis. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.