Envestnet Asset Management Inc. Buys 11,924 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Envestnet Asset Management Inc. grew its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 493,621 shares of the business services provider’s stock after buying an additional 11,924 shares during the quarter. Envestnet Asset Management Inc. owned 0.29% of ExlService worth $15,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its stake in shares of ExlService by 164.0% during 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 during the last quarter. New Covenant Trust Company N.A. bought a new position in shares of ExlService during the first quarter valued at about $30,000. Parallel Advisors LLC grew its stake in shares of ExlService by 44.6% during the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after buying an additional 366 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of ExlService during the first quarter valued at about $43,000. Finally, Grayhawk Investment Strategies Inc. bought a new stake in shares of ExlService in the fourth quarter worth about $42,000. 92.92% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,424,588 shares in the company, valued at $51,541,593.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Ajay Ayyappan sold 21,000 shares of ExlService stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the completion of the transaction, the executive vice president now directly owns 29,909 shares in the company, valued at $1,028,271.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,625 shares of company stock worth $5,685,581. Insiders own 3.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXLS. JPMorgan Chase & Co. raised their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and raised their target price for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, August 2nd. Finally, Citigroup raised their target price on ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.67.

ExlService Stock Performance

Shares of EXLS opened at $36.97 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $37.15. The company has a 50-day simple moving average of $35.33 and a two-hundred day simple moving average of $32.19. The firm has a market capitalization of $6.19 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping 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 business had revenue of $448.40 million during the quarter, compared to analyst estimates of $444.61 million. During the same period last year, the business posted $0.31 earnings per share. ExlService’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.28 EPS 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.