9,505 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 9,505 shares of the business services provider’s stock, valued at approximately $363,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EXLS. Chartwell Investment Partners LLC increased its stake in shares of ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after buying an additional 254 shares during the period. Azzad Asset Management Inc. ADV increased its position in ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 261 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 291 shares in the last quarter. V Square Quantitative Management LLC lifted 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 worth $223,000 after purchasing an additional 349 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of ExlService by 29.7% during the third 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. 92.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on EXLS. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC boosted 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. Citigroup raised their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Stock Down 1.6 %

EXLS stock opened at $44.69 on Friday. The stock has a market capitalization of $7.19 billion, a PE ratio of 39.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. ExlService Holdings, Inc. has a 52 week low of $27.27 and a 52 week high of $47.32. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $39.75 and a 200 day moving average of $34.94.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results 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 net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter last year, the company posted $0.30 earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. Sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction dated Monday, November 4th. The stock was 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 of the company’s stock, 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 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 483,483 shares of company stock worth $20,737,537. 4.16% of the stock is currently owned by 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.