HighTower Advisors LLC Has $2.29 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

HighTower Advisors LLC cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 60,087 shares of the business services provider’s stock after selling 1,417 shares during the period. HighTower Advisors LLC’s holdings in ExlService were worth $2,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eventide Asset Management LLC bought a new stake in ExlService during the 3rd quarter worth approximately $2,858,000. Walleye Capital LLC purchased a new position in shares of ExlService during the third quarter valued at approximately $1,543,000. PEAK6 Investments LLC bought a new stake in ExlService during the third quarter worth $484,000. BNP Paribas Financial Markets raised its position in ExlService by 28.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 230,410 shares of the business services provider’s stock valued at $8,790,000 after buying an additional 50,399 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in ExlService by 106.3% during the 3rd quarter. Quantbot Technologies LP now owns 84,119 shares of the business services provider’s stock valued at $3,209,000 after acquiring an additional 43,344 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC boosted their price objective on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Citigroup increased their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.86.

ExlService Stock Down 0.7 %

Shares of NASDAQ EXLS opened at $45.93 on Friday. The business’s fifty day moving average price is $43.33 and its 200-day moving average price is $37.06. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $47.37. The stock has a market capitalization of $7.39 billion, a PE ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.01. 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 released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. On average, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity at ExlService

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now directly owns 102,825 shares in the company, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,458 shares of company stock worth $18,720,514. Corporate insiders own 4.16% of the company’s stock.

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.