Heritage Family Offices LLP Acquires 421 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Heritage Family Offices LLP grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,677 shares of the business services provider’s stock after buying an additional 421 shares during the quarter. Heritage Family Offices LLP’s holdings in ExlService were worth $296,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fiera Capital Corp raised its holdings in ExlService by 497.8% during the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock worth $30,549,000 after acquiring an additional 666,805 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of ExlService by 1,216.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock worth $20,231,000 after purchasing an additional 490,000 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of ExlService in the 3rd quarter valued at approximately $17,198,000. Mackenzie Financial Corp boosted its holdings in shares of ExlService by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after buying an additional 233,108 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of ExlService by 317.0% in the second quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock valued at $8,003,000 after buying an additional 194,000 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXLS has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Citigroup upped their target price on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Needham & Company LLC lifted their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.86.

ExlService Trading Up 1.0 %

Shares of NASDAQ:EXLS opened at $46.35 on Thursday. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $47.37. The business has a 50 day moving average of $45.54 and a 200-day moving average of $39.57. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $7.46 billion, a PE ratio of 40.66, a P/E/G ratio of 1.89 and a beta of 1.02.

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, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction that occurred 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 sale, the director now owns 14,580 shares of the company’s stock, valued at $642,249. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 1,290,240 shares in the company, valued at approximately $53,480,448. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,458 shares of company stock worth $18,720,514. Corporate insiders own 4.16% of the company’s stock.

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.