Quantbot Technologies LP Has $3.21 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Quantbot Technologies LP boosted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 106.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,119 shares of the business services provider's stock after purchasing an additional 43,344 shares during the quarter. Quantbot Technologies LP owned about 0.05% of ExlService worth $3,209,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in shares of ExlService in the 3rd quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. grew its stake 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 valued at $29,000 after acquiring an additional 574 shares during the period. New Covenant Trust Company N.A. bought a new stake in shares of ExlService in the first quarter worth about $30,000. Huntington National Bank raised its position in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock worth $45,000 after purchasing an additional 1,131 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock valued at $62,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Activity

In other 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 sale, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rohit Kapoor sold 100,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 1,290,240 shares in the company, valued at approximately $53,480,448. This trade represents a 7.19 % 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. 4.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on EXLS shares. Jefferies Financial Group raised ExlService from a "hold" rating to a "buy" rating and increased their target price for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a research report on Wednesday. Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Finally, 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.86.

ExlService Stock Down 0.9 %

NASDAQ EXLS traded down $0.43 during trading hours on Thursday, hitting $46.59. 512,457 shares of the company traded hands, compared to its average volume of 946,376. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The business's 50-day moving average is $41.27 and its 200-day moving average is $35.81. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 40.87, a P/E/G ratio of 2.28 and a beta of 0.99. ExlService Holdings, Inc. has a twelve month low of $27.95 and a twelve month high of $47.37.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million during 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 firm's revenue was up 14.9% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. Sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.