Advantage Alpha Capital Partners LP Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Advantage Alpha Capital Partners LP purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 99,371 shares of the business services provider's stock, valued at approximately $3,791,000. Advantage Alpha Capital Partners LP owned about 0.06% of ExlService at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Eagle Asset Management Inc. grew its stake in shares of ExlService by 4.3% in the third quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider's stock worth $27,163,000 after purchasing an additional 29,510 shares during the last quarter. Quest Partners LLC increased its stake in shares of ExlService by 196.8% in the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider's stock worth $2,671,000 after acquiring an additional 46,422 shares in the last quarter. Algert Global LLC lifted its position in ExlService by 18.0% during the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider's stock valued at $5,740,000 after acquiring an additional 22,970 shares during the period. Assetmark Inc. boosted its stake in ExlService by 107,991.3% during the third quarter. Assetmark Inc. now owns 24,861 shares of the business services provider's stock worth $948,000 after acquiring an additional 24,838 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in ExlService by 317.0% in the second quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider's stock worth $8,003,000 after purchasing an additional 194,000 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ExlService

In related news, CEO Rohit Kapoor sold 35,000 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. The trade was a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now directly owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 461,458 shares of company stock worth $19,986,814. Insiders own 4.16% of the company's stock.

ExlService Stock Performance

NASDAQ EXLS traded up $0.25 during trading hours on Tuesday, hitting $47.02. The company's stock had a trading volume of 632,864 shares, compared to its average volume of 948,271. 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 market cap of $7.56 billion, a P/E ratio of 41.18, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. The company's 50 day simple moving average is $40.84 and its two-hundred day simple moving average is $35.62. ExlService Holdings, Inc. has a 12 month low of $27.95 and a 12 month high of $47.32.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EXLS shares. Needham & Company LLC boosted their price target on ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Robert W. Baird lifted their price target on ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Citigroup increased their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Finally, Jefferies Financial Group raised shares of ExlService from a "hold" rating to a "buy" rating and lifted their target price for the stock from $35.00 to $42.00 in a report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.86.

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.