MML Investors Services LLC Increases Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

MML Investors Services LLC grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 23.2% during the third quarter, Holdings Channel reports. The firm owned 10,415 shares of the business services provider’s stock after purchasing an additional 1,959 shares during the quarter. MML Investors Services LLC’s holdings in ExlService were worth $397,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EXLS. Kensington Investment Counsel LLC grew its stake in shares of ExlService by 2.2% in the third quarter. Kensington Investment Counsel LLC now owns 38,925 shares of the business services provider’s stock worth $1,485,000 after acquiring an additional 841 shares in the last quarter. Castleark Management LLC purchased a new position in ExlService in the third quarter valued at $6,045,000. Wolverine Trading LLC acquired a new position in ExlService during the 3rd quarter worth $327,000. State Street Corp increased its holdings in ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after purchasing an additional 59,196 shares during the period. Finally, Stifel Financial Corp raised its position in ExlService by 38.1% in the 3rd quarter. Stifel Financial Corp now owns 81,359 shares of the business services provider’s stock valued at $3,104,000 after purchasing an additional 22,435 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Trading Down 0.2 %

Shares of EXLS stock opened at $44.61 on Tuesday. The firm’s 50-day simple moving average is $44.04 and its 200-day simple moving average is $37.81. 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 Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $47.37. The firm has a market cap of $7.18 billion, a P/E ratio of 39.13, a PEG ratio of 2.26 and a beta of 1.01.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. During the same quarter last year, the firm posted $0.30 earnings per share. ExlService’s revenue was up 14.9% on a year-over-year basis. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 426,458 shares of company stock valued at $18,720,514. Company insiders own 4.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EXLS. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Citigroup boosted their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Robert W. Baird raised their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their price target 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 analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, ExlService has an average rating of “Moderate Buy” and an average price target of $42.86.

ExlService 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.