ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,326,511 shares of the business services provider's stock after buying an additional 149,856 shares during the quarter. Geode Capital Management LLC owned approximately 2.69% of ExlService worth $165,083,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of ExlService during the 3rd quarter worth $27,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock valued at $29,000 after acquiring an additional 574 shares during the period. Huntington National Bank lifted its holdings in shares of ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock valued at $45,000 after acquiring an additional 1,131 shares in the last quarter. UMB Bank n.a. boosted its position in ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock worth $62,000 after purchasing an additional 375 shares during the period. Finally, GAMMA Investing LLC boosted its position in ExlService by 32.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider's stock worth $89,000 after purchasing an additional 576 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXLS. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Citigroup increased their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Robert W. Baird lifted their price objective 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. Finally, Jefferies Financial Group upgraded shares of ExlService from a "hold" rating to a "buy" rating and upped their target price for the company from $35.00 to $42.00 in a research note on Monday, September 9th. One investment 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 a consensus rating of "Moderate Buy" and an average price target of $42.86.

ExlService Stock Up 0.4 %

EXLS traded up $0.17 during trading on Monday, hitting $46.10. The company had a trading volume of 633,162 shares, compared to its average volume of 931,508. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $47.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market cap of $7.42 billion, a PE ratio of 40.38, a P/E/G ratio of 2.26 and a beta of 1.01. The business has a 50-day moving average of $43.33 and a 200-day moving average of $37.16.

ExlService (NASDAQ:EXLS - Get Free Report) last issued 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 business had revenue of $472.07 million for the quarter, compared to analysts' expectations of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company's quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity at ExlService

In other news, 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 value of $954,952.18. Following the completion of the transaction, the insider now directly owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % 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 valued at $18,720,514. Corporate 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.