Eagle Asset Management Inc. Has $27.16 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Eagle Asset Management Inc. grew its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 4.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 711,995 shares of the business services provider's stock after purchasing an additional 29,510 shares during the period. Eagle Asset Management Inc. owned approximately 0.44% of ExlService worth $27,163,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in ExlService during the 3rd quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of 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 buying an additional 574 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of ExlService in the first quarter worth $30,000. Huntington National Bank increased its stake in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock worth $45,000 after buying an additional 1,131 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in 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 acquiring an additional 391 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Performance

NASDAQ:EXLS traded up $0.55 during midday trading on Friday, reaching $46.21. 713,449 shares of the company traded hands, compared to its average volume of 1,029,101. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 40.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. The company has a fifty day moving average price of $40.64 and a 200 day moving average price of $35.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a twelve month low of $27.95 and a twelve month high of $47.32.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) 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 company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

EXLS has been the subject of several research analyst reports. Jefferies Financial Group raised shares of ExlService from a "hold" rating to a "buy" rating and boosted their target price for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Citigroup lifted their price target on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. Robert W. Baird boosted their price target on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Finally, Needham & Company LLC raised their price objective on ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.86.

Insiders Place Their Bets

In other ExlService news, 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the insider now directly owns 102,825 shares in the company, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 461,458 shares of company stock worth $19,986,814. Insiders own 4.16% of the company's stock.

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.