Quantinno Capital Management LP Has $597,000 Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Quantinno Capital Management LP increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,658 shares of the business services provider’s stock after buying an additional 359 shares during the quarter. Quantinno Capital Management LP’s holdings in ExlService were worth $597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Chartwell Investment Partners LLC raised its position in shares of ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after purchasing an additional 254 shares during the period. Azzad Asset Management Inc. ADV increased its stake in ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 261 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in ExlService by 3.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after buying an additional 291 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of ExlService by 5.0% in the third quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider’s stock valued at $285,000 after buying an additional 359 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after acquiring an additional 375 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Trading Down 0.7 %

Shares of ExlService stock opened at $45.93 on Friday. The firm has a market cap of $7.39 billion, a PE ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.01. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $47.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a fifty day moving average price of $43.33 and a 200-day moving average price of $37.11.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $472.07 million during 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 firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EXLS. Citigroup raised 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. 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. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Needham & Company LLC raised their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.86.

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.