Fiera Capital Corp Raises Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Fiera Capital Corp lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 497.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 800,763 shares of the business services provider's stock after acquiring an additional 666,805 shares during the quarter. Fiera Capital Corp owned 0.50% of ExlService worth $30,549,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its holdings in ExlService by 7.8% during the 3rd quarter. QRG Capital Management Inc. now owns 14,578 shares of the business services provider's stock worth $556,000 after buying an additional 1,053 shares in the last quarter. Van ECK Associates Corp lifted its holdings in ExlService by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 108,295 shares of the business services provider's stock worth $4,254,000 after buying an additional 30,945 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in ExlService by 46.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,660 shares of the business services provider's stock worth $788,000 after buying an additional 6,519 shares in the last quarter. Oak Ridge Investments LLC raised its holdings in shares of ExlService by 54.3% in the 3rd quarter. Oak Ridge Investments LLC now owns 321,310 shares of the business services provider's stock valued at $12,258,000 after purchasing an additional 113,084 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of ExlService by 17.2% in the 3rd quarter. US Bancorp DE now owns 19,163 shares of the business services provider's stock valued at $731,000 after purchasing an additional 2,818 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Up 0.5 %

Shares of NASDAQ EXLS traded up $0.24 during mid-day trading on Friday, reaching $45.73. The company had a trading volume of 1,132,801 shares, compared to its average volume of 935,876. 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 firm has a 50 day simple moving average of $38.74 and a two-hundred day simple moving average of $34.33. The stock has a market cap of $7.36 billion, a P/E ratio of 40.11, a PEG ratio of 2.20 and a beta of 0.99. ExlService Holdings, Inc. has a 52-week low of $26.23 and a 52-week high of $45.88.

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, topping 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 for the quarter, compared to the consensus estimate of $460.73 million. During the same period last year, the firm posted $0.30 EPS. ExlService's revenue for the quarter was up 14.9% on a year-over-year basis. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EXLS shares. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Robert W. Baird raised their price objective 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 upgraded shares of ExlService from a "hold" rating to a "buy" rating and raised their price objective for the company from $35.00 to $42.00 in a report on Monday, September 9th. Needham & Company LLC raised their price objective on shares of ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Citigroup raised their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, ExlService currently has an average rating of "Moderate Buy" and a consensus price target of $42.86.

Insiders Place Their Bets

In other news, CEO Rohit Kapoor sold 35,000 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Rohit Kapoor sold 35,000 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 11,190 shares of the firm's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $34.25, for a total transaction of $383,257.50. Following the completion of the sale, the insider now owns 100,866 shares of the company's stock, valued at $3,454,660.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 296,688 shares of company stock valued at $11,939,831. Insiders own 4.16% of the company's stock.

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.