ExlService Holdings, Inc. (NASDAQ:EXLS) Holdings Boosted by Algert Global LLC

Algert Global LLC lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 18.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,460 shares of the business services provider's stock after acquiring an additional 22,970 shares during the quarter. Algert Global LLC owned approximately 0.09% of ExlService worth $5,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC grew its stake in ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider's stock worth $159,871,000 after purchasing an additional 1,618,003 shares during the period. Fiera Capital Corp grew its holdings in shares of ExlService by 497.8% in the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider's stock valued at $30,549,000 after acquiring an additional 666,805 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of ExlService during the 1st quarter worth approximately $19,417,000. Handelsbanken Fonder AB boosted its position in ExlService by 1,216.2% during the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider's stock worth $20,231,000 after purchasing an additional 490,000 shares during the period. Finally, Mackenzie Financial Corp grew its stake in ExlService by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider's stock valued at $238,869,000 after buying an additional 233,108 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EXLS shares. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th. Robert W. Baird boosted their target price on shares of ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a "hold" rating to a "buy" rating and increased their price objective for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC lifted their price objective on 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. increased their price objective 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 equities research 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 presently has a consensus rating of "Moderate Buy" and an average price target of $42.86.

Insider Buying and Selling at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total value of $4,687,000.00. Following the completion of the transaction, the chief executive officer now owns 689,645 shares of the company's stock, valued at $32,323,661.15. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 461,458 shares of company stock valued at $19,986,814. Insiders own 4.16% of the company's stock.

ExlService Price Performance

Shares of EXLS traded up $0.55 during trading hours on Friday, hitting $46.21. 713,449 shares of the stock were exchanged, compared to its average volume of 1,029,101. The company has a market cap 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. ExlService Holdings, Inc. has a 12-month low of $27.95 and a 12-month high of $47.32. The stock's 50-day moving average price is $40.64 and its two-hundred day moving average price is $35.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. ExlService's revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.