BNP Paribas Financial Markets Boosts Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

BNP Paribas Financial Markets raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 28.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,410 shares of the business services provider's stock after purchasing an additional 50,399 shares during the period. BNP Paribas Financial Markets owned 0.14% of ExlService worth $8,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXLS. Quantbot Technologies LP lifted its stake in ExlService by 106.3% during the third quarter. Quantbot Technologies LP now owns 84,119 shares of the business services provider's stock worth $3,209,000 after purchasing an additional 43,344 shares during the last quarter. Advantage Alpha Capital Partners LP bought a new position in ExlService during the third quarter valued at approximately $3,791,000. Loomis Sayles & Co. L P purchased a new position in shares of ExlService during the third quarter worth approximately $17,198,000. Pitcairn Co. lifted its holdings in shares of ExlService by 47.8% in the 3rd quarter. Pitcairn Co. now owns 27,572 shares of the business services provider's stock worth $1,052,000 after acquiring an additional 8,913 shares during the last quarter. Finally, Algert Global LLC boosted its stake in shares of ExlService by 18.0% in the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider's stock valued at $5,740,000 after purchasing an additional 22,970 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,290,240 shares of the company's stock, valued at approximately $53,480,448. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction dated 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 owns 102,825 shares of the company's stock, valued at $4,304,254.50. The trade was a 18.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 426,458 shares of company stock worth $18,720,514. Insiders own 4.16% of the company's stock.

ExlService Price Performance

ExlService stock traded down $0.21 during mid-day trading on Tuesday, reaching $45.88. 286,968 shares of the company's stock traded hands, compared to its average volume of 939,702. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $47.37. 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 stock has a 50 day moving average of $41.85 and a two-hundred day moving average of $36.18. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 2.26 and a beta of 1.01.

ExlService (NASDAQ:EXLS - Get Free Report) last released 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. The company 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 firm's revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. Equities analysts forecast 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.