ExlService Holdings, Inc. (NASDAQ:EXLS) Stake Reduced by Xponance Inc.

Xponance Inc. trimmed its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 8.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,554 shares of the business services provider’s stock after selling 1,895 shares during the quarter. Xponance Inc.’s holdings in ExlService were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC lifted its holdings in shares of ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after purchasing an additional 1,618,003 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of ExlService by 118.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock worth $51,469,000 after buying an additional 905,144 shares during the period. Intrinsic Edge Capital Management LLC acquired a new position in shares of ExlService in the fourth quarter worth about $20,936,000. Silvercrest Asset Management Group LLC purchased a new position in shares of ExlService in the first quarter worth approximately $19,417,000. Finally, Geneva Capital Management LLC raised its holdings in shares of ExlService by 8.7% during the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after acquiring an additional 365,776 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity

In related news, EVP Ajay Ayyappan sold 21,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total transaction of $721,980.00. Following the sale, the executive vice president now owns 29,909 shares of the company’s stock, valued at approximately $1,028,271.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other ExlService news, EVP Ajay Ayyappan sold 21,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the sale, the executive vice president now directly owns 29,909 shares in the company, valued at approximately $1,028,271.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares in the company, valued at $51,541,593.84. The disclosure for this sale can be found here. Insiders sold a total of 163,625 shares of company stock valued at $5,685,581 in the last ninety days. 3.75% of the stock is owned by insiders.

Analysts Set New Price Targets

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

ExlService Stock Down 0.3 %

Shares of EXLS opened at $37.92 on Monday. The business’s 50 day simple moving average is $35.54 and its 200-day simple moving average is $32.32. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $38.72. The company has a market capitalization of $6.35 billion, a P/E ratio of 35.11, a PEG ratio of 1.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data 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 revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 1.28 EPS for the current fiscal year.

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.