Seven Eight Capital LP Invests $363,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Seven Eight Capital LP bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,585 shares of the business services provider’s stock, valued at approximately $363,000.

Several other hedge funds have also recently bought and sold shares of EXLS. Russell Investments Group Ltd. raised its stake in shares of ExlService by 18.2% in the 1st quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock valued at $8,174,000 after acquiring an additional 39,537 shares during the period. Silvercrest Asset Management Group LLC acquired a new stake in ExlService in the 1st quarter valued at $19,417,000. Goldman Sachs Group Inc. raised its position in ExlService by 118.6% in 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 purchasing an additional 905,144 shares during the period. Vanguard Group Inc. lifted its stake 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. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of ExlService by 661.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 90,499 shares of the business services provider’s stock valued at $2,792,000 after buying an additional 78,612 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXLS. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Citigroup boosted their target price on shares of ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. raised their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.67.

Insider Transactions at ExlService

In related news, insider Vivek Jetley sold 6,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $32.75, for a total transaction of $196,500.00. Following the transaction, the insider now directly owns 328,657 shares in the company, valued at $10,763,516.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Narasimha Kini sold 8,435 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $33.00, for a total transaction of $278,355.00. Following the completion of the sale, the executive vice president now owns 179,038 shares of the company’s stock, valued at approximately $5,908,254. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vivek Jetley sold 6,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $32.75, for a total transaction of $196,500.00. Following the completion of the transaction, the insider now directly owns 328,657 shares in the company, valued at approximately $10,763,516.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,625 shares of company stock worth $5,685,581. 3.75% of the stock is currently owned by corporate insiders.

ExlService Trading Down 0.4 %

EXLS opened at $36.52 on Monday. ExlService Holdings, Inc. has a 12-month low of $25.17 and a 12-month high of $37.00. 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 $6.12 billion, a PE ratio of 33.81, a P/E/G ratio of 1.89 and a beta of 1.00. The firm’s fifty day moving average price is $35.21 and its 200 day moving average price is $32.12.

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