ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,468,039 shares of the business services provider’s stock after buying an additional 88,759 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.07% of ExlService worth $108,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in EXLS. William Blair Investment Management LLC grew its position in shares of ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after buying an additional 1,618,003 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of ExlService by 118.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock worth $51,469,000 after buying an additional 905,144 shares in the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of ExlService during the fourth quarter worth approximately $20,936,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of ExlService during the first quarter worth approximately $19,417,000. Finally, Geneva Capital Management LLC grew its position in shares of ExlService by 8.7% during the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock worth $145,817,000 after buying an additional 365,776 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Performance

Shares of EXLS opened at $36.94 on Tuesday. ExlService Holdings, Inc. has a 1 year low of $25.17 and a 1 year high of $37.00. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00. 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 firm has a fifty day moving average of $35.28 and a 200-day moving average of $32.16.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The company had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

Insider Activity at ExlService

In related news, insider Vivek Jetley sold 2,015 shares of ExlService stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the sale, the insider now directly owns 326,642 shares in the company, valued at $11,677,451.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Vivek Jetley sold 2,015 shares of ExlService stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the sale, the insider now directly owns 326,642 shares in the company, valued at $11,677,451.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rohit Kapoor sold 40,000 shares of ExlService stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the sale, the chief executive officer now owns 1,509,588 shares in the company, valued at $51,401,471.40. The disclosure for this sale can be found here. Insiders have sold a total of 163,625 shares of company stock worth $5,685,581 over the last ninety days. 3.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EXLS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of ExlService in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Finally, Citigroup lifted their price objective on shares of ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, ExlService presently has an average rating of “Moderate Buy” and a consensus price target 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.