ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,226 shares of the business services provider’s stock after purchasing an additional 3,027 shares during the quarter. Natixis Advisors LLC’s holdings in ExlService were worth $1,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EXLS. Vanguard Group Inc. increased its position in shares of ExlService by 0.9% during the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after purchasing an additional 160,723 shares in the last quarter. Geneva Capital Management LLC grew its stake in 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 acquiring an additional 365,776 shares during the last quarter. Boston Trust Walden Corp lifted its stake in ExlService by 1.2% in the 2nd quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after buying an additional 46,302 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of ExlService by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 3,136,299 shares of the business services provider’s stock worth $96,755,000 after purchasing an additional 13,160 shares during the last quarter. Finally, Norges Bank acquired a new position in ExlService in the 4th quarter valued at $79,930,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In other news, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the sale, the chief executive officer now owns 1,509,588 shares of the company’s stock, valued at $51,401,471.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Rohit Kapoor sold 40,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at $51,401,471.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Vivek Jetley sold 2,015 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $35.75, for a total value of $72,036.25. Following the completion of the sale, the insider now directly owns 326,642 shares of the company’s stock, valued at approximately $11,677,451.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,625 shares of company stock valued at $5,685,581. 3.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Citigroup boosted their price objective on shares of ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Jefferies Financial Group upgraded shares of 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 research note on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of ExlService in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

ExlService Stock Performance

Shares of EXLS opened at $36.11 on Wednesday. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $36.88. The firm has a market capitalization of $5.83 billion, a PE ratio of 33.37, a P/E/G ratio of 1.86 and a beta of 1.00. The firm has a 50-day moving average price of $34.51 and a 200 day moving average price of $31.83. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. On average, sell-side analysts anticipate 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.