Algert Global LLC Purchases 16,695 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Algert Global LLC grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 15.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,490 shares of the business services provider’s stock after purchasing an additional 16,695 shares during the period. Algert Global LLC owned approximately 0.08% of ExlService worth $3,998,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EXLS. William Blair Investment Management LLC lifted its holdings in shares of ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after purchasing an additional 1,618,003 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 acquiring an additional 905,144 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of ExlService in the fourth quarter valued at about $20,936,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of ExlService in the first quarter valued at about $19,417,000. Finally, Geneva Capital Management LLC increased its position in shares of ExlService by 8.7% in the first 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. 92.92% of the stock is currently owned by institutional investors.

ExlService Price Performance

ExlService stock opened at $38.15 on Tuesday. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $38.72. The stock’s 50 day moving average is $35.62 and its 200-day moving average is $32.37. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.94 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, beating 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 company had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts expect that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 21,000 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 29,909 shares in the company, valued at $1,028,271.42. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Ajay Ayyappan sold 21,000 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 29,909 shares in the company, valued at $1,028,271.42. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the sale, the executive vice president now owns 68,857 shares of the company’s stock, valued at $2,444,423.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,625 shares of company stock worth $5,685,581. Company insiders own 3.75% of the company’s stock.

Wall Street Analyst Weigh In

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

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.