William Blair Investment Management LLC Increases Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

William Blair Investment Management LLC grew its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 46.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,097,925 shares of the business services provider’s stock after purchasing an additional 1,618,003 shares during the quarter. William Blair Investment Management LLC owned approximately 3.04% of ExlService worth $159,871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXLS. Whittier Trust Co. of Nevada Inc. increased its position in shares of ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 574 shares during the period. New Covenant Trust Company N.A. purchased a new stake in ExlService in the first quarter worth $30,000. Principal Securities Inc. bought a new stake in ExlService in the fourth quarter valued at $34,000. Parallel Advisors LLC boosted its stake in shares of ExlService by 44.6% during the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 366 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in ExlService during the 1st quarter valued at approximately $43,000. Institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling at ExlService

In related news, insider Vivek Jetley sold 6,000 shares of ExlService stock in a transaction on Friday, July 12th. The stock was sold at an average price of $32.75, for a total value of $196,500.00. Following the completion of the sale, the insider now owns 328,657 shares of the company’s stock, valued at $10,763,516.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Vivek Jetley sold 6,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $32.75, for a total value of $196,500.00. Following the transaction, the insider now owns 328,657 shares in the company, valued at approximately $10,763,516.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikas Bhalla sold 11,190 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 100,866 shares of the company’s stock, valued at $3,454,660.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,625 shares of company stock worth $5,685,581. Insiders own 3.75% of the company’s stock.

ExlService Price Performance

NASDAQ EXLS opened at $36.38 on Friday. 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 company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 1.89 and a beta of 1.00. The stock has a 50-day moving average of $34.69 and a 200 day moving average of $31.89. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $36.88.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm 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 business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

Analysts Set New Price Targets

EXLS has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Needham & Company LLC reaffirmed 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 upped their price target for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Citigroup increased their target price on ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.67.

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.