MQS Management LLC Makes New $235,000 Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

MQS Management LLC bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,493 shares of the business services provider’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its position in ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after purchasing an additional 291 shares in the last quarter. V Square Quantitative Management LLC boosted its position in ExlService by 5.2% in the second quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock worth $223,000 after purchasing an additional 349 shares during the last quarter. Choreo LLC boosted its position in ExlService by 3.2% in the first quarter. Choreo LLC now owns 11,456 shares of the business services provider’s stock worth $364,000 after purchasing an additional 350 shares during the last quarter. Parallel Advisors LLC grew its stake in ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 366 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of ExlService by 28.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

EXLS opened at $36.52 on Friday. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 1.89 and a beta of 1.00. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $35.21 and a 200-day moving average price of $32.12. ExlService Holdings, Inc. has a twelve month low of $25.17 and a twelve month high of $37.00.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. Equities analysts expect that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, insider Vivek Jetley sold 6,000 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $32.75, for a total value of $196,500.00. Following the sale, the insider now directly owns 328,657 shares of the company’s stock, valued at $10,763,516.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Vivek Jetley sold 6,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $32.75, for a total value of $196,500.00. Following the transaction, the insider now owns 328,657 shares of the company’s stock, valued at $10,763,516.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Narasimha Kini sold 8,435 shares of ExlService stock in a transaction on Friday, July 12th. The shares were sold at an average price of $33.00, for a total value of $278,355.00. Following the sale, the executive vice president now directly owns 179,038 shares of the company’s stock, valued at approximately $5,908,254. The disclosure for this sale can be found here. Insiders sold a total of 163,625 shares of company stock worth $5,685,581 in the last quarter. 3.75% of the stock is owned by company insiders.

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.