EULAV Asset Management Buys 27,565 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

EULAV Asset Management increased its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 541,065 shares of the business services provider's stock after acquiring an additional 27,565 shares during the period. EULAV Asset Management owned approximately 0.34% of ExlService worth $20,642,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Chartwell Investment Partners LLC increased its position in shares of ExlService by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock worth $1,196,000 after acquiring an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in ExlService by 1.1% in the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider's stock worth $944,000 after purchasing an additional 261 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider's stock worth $279,000 after purchasing an additional 291 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of 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 during the period. Finally, UMB Bank n.a. grew its stake in ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock valued at $62,000 after buying an additional 375 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the sale, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the transaction, the insider now owns 102,825 shares of the company's stock, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 457,813 shares of company stock valued at $19,826,252. Company insiders own 4.16% of the company's stock.

ExlService Trading Up 0.2 %

NASDAQ:EXLS traded up $0.10 during trading hours on Wednesday, hitting $44.38. 729,349 shares of the stock were exchanged, compared to its average volume of 950,949. The company has a market capitalization of $7.14 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. ExlService Holdings, Inc. has a twelve month low of $27.75 and a twelve month high of $47.32. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $40.25 and its two-hundred day moving average is $35.25.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. Citigroup raised their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Robert W. Baird upped their target price on shares of ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group raised ExlService from a "hold" rating to a "buy" rating and lifted their price objective for the company 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 stock. According to data from MarketBeat, ExlService currently has an average rating of "Moderate Buy" and a consensus target price of $42.86.

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.