ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 118.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,668,368 shares of the business services provider’s stock after purchasing an additional 905,144 shares during the period. Goldman Sachs Group Inc. owned 1.01% of ExlService worth $51,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its holdings in ExlService by 439.5% during the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after buying an additional 857 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of ExlService during the 4th quarter worth $34,000. Parallel Advisors LLC grew its holdings in shares of ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after acquiring an additional 366 shares during the last quarter. RiverPark Advisors LLC raised its position in shares of ExlService by 65.2% during the fourth quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock worth $39,000 after purchasing an additional 503 shares during the period. Finally, Operose Advisors LLC purchased a new stake in shares of ExlService during the third quarter valued at $38,000. 92.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 14,990 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $30.84, for a total transaction of $462,291.60. Following the transaction, the insider now owns 112,056 shares of the company’s stock, valued at $3,455,807.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the sale, the insider now directly owns 333,847 shares of the company’s stock, valued at $10,108,887.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Vikas Bhalla sold 14,990 shares of ExlService stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $30.84, for a total value of $462,291.60. Following the sale, the insider now directly owns 112,056 shares in the company, valued at approximately $3,455,807.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,837 shares of company stock valued at $3,469,418. Insiders own 3.75% of the company’s stock.

Analyst Ratings Changes

EXLS has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of ExlService in a research note on Friday, May 3rd. TD Cowen boosted their price target on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Wedbush raised shares of ExlService from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $40.00 in a research note on Wednesday, May 8th. Citigroup cut their target price on shares of ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, ExlService has a consensus rating of “Moderate Buy” and an average target price of $37.00.

ExlService Trading Down 0.4 %

NASDAQ EXLS opened at $29.15 on Thursday. The company has a market capitalization of $4.88 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $33.40. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $29.88 and its 200-day simple moving average is $30.50.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $436.51 million during the quarter, compared to analyst estimates of $424.81 million. ExlService had a net margin of 10.92% and a return on equity of 23.13%. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

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.