Eventide Asset Management LLC Purchases New Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Eventide Asset Management LLC purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,927 shares of the business services provider’s stock, valued at approximately $2,858,000.

Other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of ExlService in the 3rd quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. grew its stake in 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 worth $29,000 after purchasing an additional 574 shares during the period. Huntington National Bank raised its holdings in ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares in the last quarter. GAMMA Investing LLC lifted its position in ExlService by 28.7% during the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after buying an additional 391 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after buying an additional 375 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total value of $4,687,000.00. Following the completion of the transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at $32,323,661.15. The trade was a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock worth $18,720,514 over the last three months. 4.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EXLS shares. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Robert W. Baird lifted their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Needham & Company LLC upped their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Performance

Shares of EXLS opened at $46.36 on Friday. ExlService Holdings, Inc. has a 12 month low of $28.00 and a 12 month high of $47.37. The business’s fifty day simple moving average is $41.47 and its two-hundred day simple moving average is $35.88. 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 company has a market cap of $7.46 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 2.27 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data 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 the consensus estimate of $460.73 million. During the same period last year, the company earned $0.30 EPS. ExlService’s revenue for the quarter was up 14.9% on a year-over-year basis. Research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.