ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,911 shares of the business services provider’s stock after buying an additional 580 shares during the quarter. GAMMA Investing LLC’s holdings in ExlService were worth $129,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXLS. Mackenzie Financial Corp lifted its position in shares of ExlService by 3.2% during the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after purchasing an additional 233,108 shares in the last quarter. State Street Corp increased its stake 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 buying an additional 59,196 shares during the period. William Blair Investment Management LLC lifted its holdings in ExlService by 46.5% in the 2nd quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after buying an additional 1,618,003 shares in the last quarter. Geneva Capital Management LLC boosted its position in ExlService by 1.9% in the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after buying an additional 87,592 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of ExlService by 3.6% during the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after acquiring an additional 149,856 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction dated 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 directly owns 14,580 shares of the company’s stock, valued at $642,249. The trade was a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the transaction, the chief executive officer now owns 1,290,240 shares of the company’s stock, valued at approximately $53,480,448. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,458 shares of company stock worth $18,720,514 over the last ninety days. Company insiders own 4.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on EXLS. Citigroup increased their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Robert W. Baird upped their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Performance

EXLS stock opened at $45.28 on Friday. The firm has a market cap of $7.28 billion, a P/E ratio of 39.72, a P/E/G ratio of 2.23 and a beta of 1.01. The stock’s 50 day simple moving average is $45.24 and its 200 day simple moving average is $39.05. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $47.37.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) 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 period last year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current 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.