PEAK6 Investments LLC Purchases Shares of 12,688 ExlService Holdings, Inc. (NASDAQ:EXLS)

PEAK6 Investments LLC bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 12,688 shares of the business services provider's stock, valued at approximately $484,000.

Several other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in ExlService during the third quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock worth $29,000 after purchasing an additional 574 shares in the last quarter. Huntington National Bank boosted its stake in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock valued at $45,000 after buying an additional 1,131 shares in the last quarter. UMB Bank n.a. boosted its stake in ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock valued at $62,000 after buying an additional 375 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock valued at $55,000 after purchasing an additional 391 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com cut ExlService from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Robert W. Baird raised their target price on ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Jefferies Financial Group raised 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 report on Monday, September 9th. Finally, Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.86.

ExlService Stock Performance

Shares of EXLS stock traded up $0.28 during trading hours on Wednesday, reaching $46.25. 344,010 shares of the company's stock were exchanged, compared to its average volume of 941,260. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $47.37. The company has a market cap of $7.44 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.24 and a beta of 1.01. The company's 50 day moving average is $42.03 and its two-hundred day moving average is $36.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period last year, the firm earned $0.30 earnings per share. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 22,813 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company's stock in a transaction dated 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 trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock worth $18,720,514 over the last ninety days. Company 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.