Loomis Sayles & Co. L P Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Loomis Sayles & Co. L P purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 450,821 shares of the business services provider's stock, valued at approximately $17,198,000. Loomis Sayles & Co. L P owned approximately 0.28% of ExlService as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXLS. Ashton Thomas Securities LLC acquired a new position in ExlService in the 3rd quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. increased its holdings in ExlService by 164.0% in 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 during the last quarter. New Covenant Trust Company N.A. bought a new position in ExlService during the first quarter valued at approximately $30,000. Huntington National Bank lifted its stake in ExlService by 2,827.5% in the third 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 during the last quarter. Finally, GAMMA Investing LLC grew its position in ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock worth $55,000 after acquiring an additional 391 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the firm's 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 completion of the transaction, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the sale, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 461,458 shares of company stock valued at $19,986,814. Company insiders own 4.16% of the company's stock.

ExlService Stock Performance

ExlService stock traded down $0.43 during trading hours on Wednesday, hitting $46.59. The stock had a trading volume of 512,457 shares, compared to its average volume of 946,376. ExlService Holdings, Inc. has a fifty-two week low of $27.95 and a fifty-two week high of $47.37. The company has a market cap of $7.50 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 2.28 and a beta of 0.99. The company has a 50-day moving average of $41.06 and a two-hundred day moving average of $35.73. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its 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 firm had revenue of $472.07 million during the quarter, compared to analysts' expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. ExlService's quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. On average, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Robert W. Baird boosted their price target on ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Jefferies Financial Group upgraded 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 report on Monday, September 9th. JPMorgan Chase & Co. increased their price target on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, September 6th. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $50.00 and gave the company 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 stock. According to MarketBeat, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $42.86.

ExlService 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.