Stifel Financial Corp Boosts Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Stifel Financial Corp boosted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 38.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,359 shares of the business services provider's stock after purchasing an additional 22,435 shares during the quarter. Stifel Financial Corp owned approximately 0.05% of ExlService worth $3,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. William Blair Investment Management LLC increased its holdings in shares of ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider's stock worth $159,871,000 after purchasing an additional 1,618,003 shares during the period. Fiera Capital Corp increased its stake in ExlService by 497.8% in the 3rd quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider's stock worth $30,549,000 after acquiring an additional 666,805 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of ExlService by 1,216.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider's stock valued at $20,231,000 after acquiring an additional 490,000 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of ExlService during the 3rd quarter valued at about $17,198,000. Finally, Mackenzie Financial Corp grew its holdings in shares of ExlService by 3.2% during the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider's stock worth $238,869,000 after purchasing an additional 233,108 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Jefferies Financial Group upgraded shares of ExlService from a "hold" rating to a "buy" rating and upped their target price for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC raised their price target on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Finally, Robert W. Baird increased their price target 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.86.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now directly owns 102,825 shares in the company, valued at $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. The trade was a 7.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock worth $18,720,514 over the last quarter. Corporate insiders own 4.16% of the company's stock.

ExlService Trading Down 1.1 %

Shares of EXLS opened at $45.59 on Wednesday. The firm has a fifty day simple moving average of $43.48 and a two-hundred day simple moving average of $37.27. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $47.37. The stock has a market capitalization of $7.33 billion, a P/E ratio of 39.99, a PEG ratio of 2.26 and a beta of 1.01. 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 announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. ExlService's revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. On average, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

ExlService Company 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.