ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Algert Global LLC

Algert Global LLC increased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 18.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,460 shares of the business services provider’s stock after purchasing an additional 22,970 shares during the period. Algert Global LLC’s holdings in ExlService were worth $5,740,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EXLS. Chartwell Investment Partners LLC raised its position in ExlService by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after buying an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV raised its position in ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after buying an additional 261 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in ExlService by 3.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after buying an additional 291 shares during the last quarter. V Square Quantitative Management LLC raised its position in ExlService by 5.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock worth $223,000 after buying an additional 349 shares during the last quarter. Finally, UMB Bank n.a. raised its position in ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after buying an additional 375 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insiders Place Their Bets

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the firm’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 sale, the director now directly owns 14,580 shares of the company’s stock, valued at $642,249. This trade represents a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 461,458 shares of company stock valued at $19,986,814 in the last ninety days. Insiders own 4.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC increased their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird increased 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. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.86.

ExlService Stock Performance

NASDAQ:EXLS opened at $46.21 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $40.64 and a two-hundred day moving average price of $35.44. ExlService Holdings, Inc. has a twelve month low of $27.95 and a twelve month high of $47.32. The company has a market capitalization of $7.43 billion, a P/E ratio of 40.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $460.73 million. During the same period last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share 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.