Assetmark Inc. Has $948,000 Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Assetmark Inc. lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 107,991.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,861 shares of the business services provider's stock after purchasing an additional 24,838 shares during the quarter. Assetmark Inc.'s holdings in ExlService were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of EXLS. Whittier Trust Co. of Nevada Inc. raised its stake in ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock worth $29,000 after acquiring an additional 574 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in ExlService in the first quarter valued at approximately $30,000. Headlands Technologies LLC raised its holdings in shares of ExlService by 269.0% in the 1st quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider's stock valued at $51,000 after purchasing an additional 1,162 shares during the period. GAMMA Investing LLC increased its holdings 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 purchasing an additional 391 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock worth $62,000 after buying an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 22,813 shares of the company'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 value of $954,952.18. Following the sale, the insider now owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Anita Mahon sold 25,670 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the transaction, the executive vice president now directly owns 68,857 shares in the company, valued at approximately $2,444,423.50. This represents a 27.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 483,483 shares of company stock worth $20,737,537. 4.16% of the stock is owned by insiders.

ExlService Stock Performance

Shares of EXLS stock traded down $0.73 during trading hours on Friday, hitting $44.69. The company's stock had a trading volume of 571,795 shares, compared to its average volume of 953,469. The company has a 50 day moving average of $39.75 and a 200 day moving average of $34.94. 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 stock has a market cap of $7.19 billion, a PE ratio of 39.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. ExlService Holdings, Inc. has a 12-month low of $27.27 and a 12-month high of $47.32.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EXLS. Citigroup boosted their price target on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Robert W. Baird increased 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. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Wednesday. Needham & Company LLC boosted their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.