ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 317.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 255,200 shares of the business services provider’s stock after buying an additional 194,000 shares during the quarter. Renaissance Technologies LLC owned 0.15% of ExlService worth $8,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. Whittier Trust Co. of Nevada Inc. grew its position in ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after purchasing an additional 574 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in ExlService during the 1st quarter worth approximately $30,000. Parallel Advisors LLC grew its position in ExlService by 44.6% during the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after purchasing an additional 366 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new position in ExlService during the 4th quarter worth approximately $42,000. Finally, Fidelis Capital Partners LLC purchased a new position in ExlService during the 1st quarter worth approximately $43,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ExlService Trading Up 0.1 %

ExlService stock opened at $36.97 on Wednesday. The company’s fifty day simple moving average is $35.33 and its 200-day simple moving average is $32.19. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $37.15. The stock has a market cap of $6.19 billion, a P/E ratio of 34.23, a P/E/G ratio of 1.89 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The business had revenue of $448.40 million during the quarter, compared to analyst estimates of $444.61 million. During the same quarter in the previous year, the business earned $0.31 EPS. ExlService’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.28 EPS for the current fiscal year.

Insider Activity at ExlService

In related news, CEO Rohit Kapoor sold 40,000 shares of ExlService stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the sale, the chief executive officer now owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Ajay Ayyappan sold 21,000 shares of ExlService stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total value of $721,980.00. Following the completion of the sale, the executive vice president now owns 29,909 shares of the company’s stock, valued at approximately $1,028,271.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 40,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the transaction, the chief executive officer now directly owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,625 shares of company stock valued at $5,685,581. Insiders own 3.75% of the company’s stock.

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.