AlphaMark Advisors LLC Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

AlphaMark Advisors LLC purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,556 shares of the business services provider’s stock, valued at approximately $331,000.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of ExlService during the 4th quarter valued at approximately $79,930,000. Goldman Sachs Group Inc. increased its stake in shares of ExlService by 118.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock worth $51,469,000 after purchasing an additional 905,144 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new position in shares of ExlService during the 4th quarter worth approximately $20,936,000. Silvercrest Asset Management Group LLC purchased a new position in ExlService during the first quarter worth $19,417,000. Finally, Geneva Capital Management LLC raised its holdings in shares of ExlService by 8.7% in the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock worth $145,817,000 after acquiring an additional 365,776 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Trading Up 3.5 %

Shares of NASDAQ EXLS traded up $1.20 during midday trading on Thursday, hitting $35.79. The stock had a trading volume of 1,149,557 shares, compared to its average volume of 982,427. The company has a quick ratio of 2.54, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $35.81. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 1.74 and a beta of 1.00. The company has a fifty day moving average price of $32.20 and a 200 day moving average price of $31.15.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $444.61 million. During the same period in the previous year, the company posted $0.31 earnings per share. ExlService’s revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wedbush upgraded ExlService from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $40.00 in a research report on Wednesday, May 8th. Citigroup lifted 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of ExlService in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.33.

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 36,847 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $31.07, for a total transaction of $1,144,836.29. Following the sale, the chief executive officer now directly owns 1,549,588 shares in the company, valued at approximately $48,145,699.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other ExlService news, insider Vikas Bhalla sold 11,190 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $34.25, for a total transaction of $383,257.50. Following the completion of the transaction, the insider now directly owns 100,866 shares of the company’s stock, valued at approximately $3,454,660.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 36,847 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $31.07, for a total transaction of $1,144,836.29. Following the completion of the sale, the chief executive officer now directly owns 1,549,588 shares of the company’s stock, valued at approximately $48,145,699.16. The disclosure for this sale can be found here. Insiders have sold a total of 156,777 shares of company stock worth $5,164,208 over the last quarter. 3.75% of the stock is owned by corporate insiders.

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.