Shaker Investments LLC OH Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Shaker Investments LLC OH purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,289 shares of the business services provider’s stock, valued at approximately $583,000.

A number of other large investors have also recently bought and sold shares of EXLS. William Blair Investment Management LLC boosted its position in ExlService by 46.5% during the 2nd quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after acquiring an additional 1,618,003 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of ExlService by 118.6% in the 4th 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 last quarter. Silvercrest Asset Management Group LLC acquired a new stake in shares of ExlService in the 1st quarter valued at approximately $19,417,000. Handelsbanken Fonder AB boosted its holdings in shares of ExlService by 1,216.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock valued at $20,231,000 after buying an additional 490,000 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its holdings in shares of ExlService by 8.7% in the 1st quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after buying an additional 365,776 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Buying and Selling

In related news, EVP Narasimha Kini sold 14,315 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $34.50, for a total value of $493,867.50. Following the transaction, the executive vice president now owns 164,723 shares in the company, valued at approximately $5,682,943.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Rohit Kapoor sold 35,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Narasimha Kini sold 14,315 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $34.50, for a total value of $493,867.50. Following the completion of the sale, the executive vice president now directly owns 164,723 shares in the company, valued at $5,682,943.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,190 shares of company stock worth $5,210,726. Company insiders own 3.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EXLS shares. 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. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and increased their price objective for the company from $35.00 to $42.00 in a report on Monday, September 9th. Citigroup raised their price target on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. raised 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. Finally, Robert W. Baird raised their price target on ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

ExlService Stock Up 2.2 %

EXLS stock opened at $39.48 on Friday. 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 stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 2.05 and a beta of 1.00. The business’s fifty day moving average price is $36.41 and its two-hundred day moving average price is $32.85. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $39.51.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The firm had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $444.61 million. During the same quarter last year, the business earned $0.31 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts anticipate that ExlService Holdings, Inc. will post 1.28 earnings per share 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.