QRG Capital Management Inc. Has $556,000 Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

QRG Capital Management Inc. lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,578 shares of the business services provider’s stock after purchasing an additional 1,053 shares during the quarter. QRG Capital Management Inc.’s holdings in ExlService were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp boosted its position in ExlService by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 108,295 shares of the business services provider’s stock worth $4,254,000 after acquiring an additional 30,945 shares during the period. Janney Montgomery Scott LLC boosted its position in ExlService by 46.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,660 shares of the business services provider’s stock worth $788,000 after acquiring an additional 6,519 shares during the period. Oak Ridge Investments LLC boosted its position in ExlService by 54.3% during the 3rd quarter. Oak Ridge Investments LLC now owns 321,310 shares of the business services provider’s stock worth $12,258,000 after acquiring an additional 113,084 shares during the period. US Bancorp DE boosted its position in ExlService by 17.2% during the 3rd quarter. US Bancorp DE now owns 19,163 shares of the business services provider’s stock worth $731,000 after acquiring an additional 2,818 shares during the period. Finally, Smith Group Asset Management LLC boosted its position in ExlService by 2.3% during the 3rd quarter. Smith Group Asset Management LLC now owns 414,913 shares of the business services provider’s stock worth $15,829,000 after acquiring an additional 9,234 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Anita Mahon sold 25,670 shares of ExlService stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the transaction, the executive vice president now directly owns 68,857 shares in the company, valued at approximately $2,444,423.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 285,498 shares of company stock valued at $11,556,573. Corporate insiders own 4.16% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of research reports. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Robert W. Baird raised their price objective on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Citigroup lifted their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Stock Up 0.5 %

Shares of EXLS stock opened at $45.73 on Monday. The stock’s 50 day simple moving average is $38.74 and its 200 day simple moving average is $34.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a twelve month low of $26.23 and a twelve month high of $45.88. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 2.20 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. During the same period last year, the business earned $0.30 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. As a group, research analysts predict 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.