Heritage Family Offices LLP Acquires Shares of 6,256 ExlService Holdings, Inc. (NASDAQ:EXLS)

Heritage Family Offices LLP bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,256 shares of the business services provider’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXLS. Russell Investments Group Ltd. boosted its position in ExlService by 18.2% in the 1st 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 during the first quarter worth $19,417,000. Goldman Sachs Group Inc. grew its position in ExlService by 118.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock valued at $51,469,000 after buying an additional 905,144 shares during the period. Vanguard Group Inc. increased 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 valued at $546,208,000 after buying an additional 160,723 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of ExlService in the first quarter worth about $4,501,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 21,000 shares of ExlService stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total value of $721,980.00. Following the sale, the executive vice president now directly owns 29,909 shares of the company’s stock, valued at $1,028,271.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Ajay Ayyappan sold 21,000 shares of ExlService stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total transaction of $721,980.00. Following the transaction, the executive vice president now owns 29,909 shares in the company, valued at approximately $1,028,271.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vivek Jetley sold 2,015 shares of ExlService stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total value of $72,036.25. Following the transaction, the insider now owns 326,642 shares in the company, valued at approximately $11,677,451.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,875 shares of company stock valued at $4,716,859 over the last ninety days. Insiders own 3.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXLS. Citigroup raised their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday. 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. 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 report on Monday, September 9th. Robert W. Baird raised their price objective on ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $40.86.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $40.32 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. The business’s 50 day moving average price is $36.65 and its 200-day moving average price is $32.98. The firm has a market capitalization of $6.76 billion, a PE ratio of 37.33, a P/E/G ratio of 2.05 and a beta of 1.00. ExlService Holdings, Inc. has a 1 year low of $25.17 and a 1 year high of $40.43.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $448.40 million for the quarter, compared to analyst estimates of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. As a group, equities research analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

About ExlService

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.