31,304 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,304 shares of the business services provider’s stock, valued at approximately $1,194,000.

Several other large investors have also recently bought and sold shares of EXLS. New Covenant Trust Company N.A. bought a new stake in shares of ExlService in the 1st quarter valued at $30,000. GAMMA Investing LLC grew its stake in ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 391 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in shares of ExlService by 10.0% in the second quarter. Linden Thomas Advisory Services LLC now owns 15,063 shares of the business services provider’s stock worth $472,000 after acquiring an additional 1,373 shares in the last quarter. SG Americas Securities LLC raised its position in shares of ExlService by 780.7% during the second quarter. SG Americas Securities LLC now owns 31,318 shares of the business services provider’s stock worth $982,000 after purchasing an additional 27,762 shares during the period. Finally, V Square Quantitative Management LLC grew its position in shares of ExlService by 5.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 349 shares during the period. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

EXLS opened at $47.02 on Wednesday. The business’s 50-day simple moving average is $40.84 and its 200 day simple moving average is $35.62. ExlService Holdings, Inc. has a 52-week low of $27.95 and a 52-week high of $47.32. 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 firm has a market capitalization of $7.56 billion, a PE ratio of 41.25, a PEG ratio of 2.25 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (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 company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. As a group, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on EXLS shares. Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird raised their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group raised 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 note on Monday, September 9th. JPMorgan Chase & Co. lifted their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, Citigroup upped their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

Insider Activity

In related news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction dated Friday, November 1st. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 $642,249. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 461,458 shares of company stock valued at $19,986,814 in the last quarter. Company insiders own 4.16% of the company’s stock.

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.