V Square Quantitative Management LLC Boosts Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

V Square Quantitative Management LLC raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,482 shares of the business services provider’s stock after buying an additional 359 shares during the period. V Square Quantitative Management LLC’s holdings in ExlService were worth $285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EXLS. Russell Investments Group Ltd. raised its position in ExlService by 18.2% during the first quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock valued at $8,174,000 after acquiring an additional 39,537 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new position in shares of ExlService in the 1st quarter valued at $19,417,000. Vanguard Group Inc. boosted its holdings in ExlService by 0.9% during the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after buying an additional 160,723 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in ExlService during the first quarter valued at $4,501,000. Finally, Bessemer Group Inc. increased its holdings in ExlService by 7.8% in the first quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider’s stock valued at $20,030,000 after buying an additional 45,336 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EXLS. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of ExlService in a research note on Friday, August 2nd. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Citigroup boosted their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Robert W. Baird increased their target price on ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. 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 report on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.86.

ExlService Stock Down 0.2 %

Shares of EXLS opened at $40.40 on Monday. The stock has a 50 day moving average price of $37.02 and a 200 day moving average price of $33.17. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $40.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.05 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $448.40 million during the quarter, compared to analyst estimates of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The company’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 firm earned $0.31 earnings per share. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, CEO Rohit Kapoor sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was 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 directly owns 1,509,588 shares in the company, valued at $51,401,471.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Rohit Kapoor sold 40,000 shares of ExlService 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 owns 1,509,588 shares in the company, valued at $51,401,471.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vivek Jetley sold 2,015 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the completion of the sale, the insider now directly owns 326,642 shares of the company’s stock, valued at $11,677,451.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,875 shares of company stock worth $4,716,859. Insiders own 3.75% of the company’s stock.

ExlService Company 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.