Walleye Capital LLC Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Walleye Capital LLC acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 40,447 shares of the business services provider's stock, valued at approximately $1,543,000.

Several other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock valued at $55,000 after buying an additional 391 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in 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 lifted its holdings in shares of ExlService by 780.7% during the 2nd quarter. SG Americas Securities LLC now owns 31,318 shares of the business services provider's stock worth $982,000 after acquiring an additional 27,762 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of ExlService by 5.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider's stock valued at $223,000 after purchasing an additional 349 shares in the last quarter. Finally, AlphaMark Advisors LLC bought a new position in shares of ExlService in the 2nd quarter valued at $331,000. Institutional investors own 92.92% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on EXLS shares. JPMorgan Chase & Co. upped their price objective on ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Needham & Company LLC increased their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Citigroup raised their price target 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. Robert W. Baird upped their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, ExlService currently has an average rating of "Moderate Buy" and an average target price of $42.86.

ExlService Trading Up 0.9 %

Shares of EXLS stock traded up $0.43 on Thursday, hitting $46.68. The company had a trading volume of 260,917 shares, compared to its average volume of 939,657. The stock's 50-day moving average is $42.21 and its two-hundred day moving average is $36.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market cap of $7.51 billion, a P/E ratio of 40.57, a P/E/G ratio of 2.24 and a beta of 1.01. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $47.37.

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

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now directly owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,290,240 shares of the company's stock, valued at $53,480,448. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is currently owned by company insiders.

ExlService Company Profile

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.