Quantbot Technologies LP Boosts Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Quantbot Technologies LP lifted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 106.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,119 shares of the business services provider’s stock after buying an additional 43,344 shares during the quarter. Quantbot Technologies LP owned 0.05% of ExlService worth $3,209,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of ExlService in the third quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. boosted its stake 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 buying an additional 574 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of ExlService in the first quarter valued at approximately $30,000. Huntington National Bank boosted its stake in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,131 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after purchasing an additional 375 shares in the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Down 0.9 %

Shares of NASDAQ:EXLS opened at $46.59 on Thursday. The company has a market capitalization of $7.50 billion, a P/E ratio of 40.87, a P/E/G ratio of 2.28 and a beta of 0.99. The stock’s fifty day simple moving average is $41.06 and its 200-day simple moving average is $35.73. ExlService Holdings, Inc. has a 52-week low of $27.95 and a 52-week high of $47.37. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $41.45, for a total value 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 represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value 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. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock valued at $18,720,514 over the last quarter. Company insiders own 4.16% of the company’s stock.

Analysts Set New Price Targets

EXLS has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Citigroup boosted their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Finally, Needham & Company LLC boosted their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and an average target price of $42.86.

ExlService 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.