ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.1% during the 3rd quarter, Holdings Channel reports. The firm owned 13,345 shares of the business services provider’s stock after buying an additional 653 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in ExlService were worth $509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. NorthCrest Asset Manangement LLC acquired a new stake in ExlService during the 3rd quarter worth approximately $930,000. Private Advisor Group LLC increased its position in shares of ExlService by 7.8% during the third quarter. Private Advisor Group LLC now owns 10,218 shares of the business services provider’s stock worth $390,000 after acquiring an additional 742 shares during the period. Berry Wealth Group LP raised its stake in shares of ExlService by 17.9% in the third quarter. Berry Wealth Group LP now owns 8,897 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 1,353 shares in the last quarter. Blue Trust Inc. boosted its holdings in ExlService by 19.0% in the third quarter. Blue Trust Inc. now owns 4,936 shares of the business services provider’s stock valued at $188,000 after purchasing an additional 789 shares during the period. Finally, Trust Point Inc. grew its stake in ExlService by 3.2% during the 3rd quarter. Trust Point Inc. now owns 34,150 shares of the business services provider’s stock worth $1,303,000 after purchasing an additional 1,061 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

NASDAQ EXLS opened at $45.73 on Friday. The company has a fifty day moving average of $38.74 and a two-hundred day moving average of $34.33. The company has a market capitalization of $7.36 billion, a PE ratio of 40.11, a P/E/G ratio of 2.05 and a beta of 0.99. ExlService Holdings, Inc. has a 1 year low of $26.23 and a 1 year high of $45.88. 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 announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. As a group, analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on EXLS. Robert W. Baird increased their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Finally, Citigroup increased their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, ExlService presently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

Insider Activity

In related news, insider Vikas Bhalla sold 11,190 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $34.25, for a total transaction of $383,257.50. Following the completion of the sale, the insider now owns 100,866 shares in the company, valued at $3,454,660.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00. Following the transaction, the chief executive officer now owns 1,190,240 shares of the company’s stock, valued at approximately $50,073,396.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 11,190 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $34.25, for a total value of $383,257.50. Following the sale, the insider now owns 100,866 shares of the company’s stock, valued at $3,454,660.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 296,688 shares of company stock valued at $11,939,831 in the last ninety days. 4.16% of the stock is currently owned by company insiders.

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.