ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Quest Partners LLC

Quest Partners LLC increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 196.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,015 shares of the business services provider's stock after acquiring an additional 46,422 shares during the quarter. Quest Partners LLC's holdings in ExlService were worth $2,671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of ExlService by 18.2% during the first quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider's stock worth $8,174,000 after purchasing an additional 39,537 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in ExlService in the first quarter valued at about $19,417,000. Vanguard Group Inc. boosted its holdings in ExlService by 0.9% in the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider's stock worth $546,208,000 after acquiring an additional 160,723 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of ExlService by 7.8% during the first quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider's stock worth $20,030,000 after acquiring an additional 45,336 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of ExlService by 317.0% in the 2nd quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider's stock valued at $8,003,000 after purchasing an additional 194,000 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

EXLS has been the topic of several research analyst reports. Robert W. Baird boosted their target price on shares of 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 raised shares of ExlService from a "hold" rating to a "buy" rating and boosted their price objective for the company from $35.00 to $42.00 in a report on Monday, September 9th. JPMorgan Chase & Co. upped their target price on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. Citigroup boosted their price target on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, October 14th. Finally, Needham & Company LLC raised their price objective on ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.86.

ExlService Stock Performance

NASDAQ:EXLS traded down $0.34 during trading hours on Monday, reaching $44.35. The company had a trading volume of 726,309 shares, compared to its average volume of 952,450. 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 Holdings, Inc. has a 1-year low of $27.62 and a 1-year high of $47.32. The business's 50 day moving average price is $39.75 and its 200-day moving average price is $34.98. The firm has a market cap of $7.14 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99.

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

Insider Transactions at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the completion of the transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at $32,323,661.15. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Anita Mahon sold 25,670 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total transaction of $911,285.00. Following the sale, the executive vice president now owns 68,857 shares in the company, valued at $2,444,423.50. This trade represents a 27.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 483,483 shares of company stock worth $20,737,537. 4.16% of the stock is currently owned by company insiders.

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.