EULAV Asset Management Grows Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

EULAV Asset Management grew its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.4% during the third quarter, HoldingsChannel.com reports. The fund owned 541,065 shares of the business services provider’s stock after purchasing an additional 27,565 shares during the quarter. EULAV Asset Management’s holdings in ExlService were worth $20,642,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService during the third quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 574 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in ExlService in the first quarter worth about $30,000. Huntington National Bank increased its holdings in ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,131 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in ExlService by 28.7% during the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after buying an additional 391 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of research reports. Citigroup lifted their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $42.00 in a report on Monday, September 9th. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. increased their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC upped their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.86.

Insider Activity

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 1,290,240 shares in the company, valued at approximately $53,480,448. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the 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 completion of the sale, the insider now directly owns 102,825 shares of the company’s stock, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 457,813 shares of company stock worth $19,826,252 over the last 90 days. 4.16% of the stock is owned by company insiders.

ExlService Stock Down 0.2 %

NASDAQ EXLS opened at $44.28 on Wednesday. ExlService Holdings, Inc. has a 12 month low of $27.62 and a 12 month high of $47.32. The company’s 50 day simple moving average is $40.08 and its 200 day simple moving average is $35.19. The company has a market capitalization of $7.12 billion, a P/E ratio of 38.84, a PEG ratio of 2.17 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

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