Susquehanna Fundamental Investments LLC Boosts Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Susquehanna Fundamental Investments LLC boosted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 56.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 220,776 shares of the business services provider’s stock after purchasing an additional 79,231 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.13% of ExlService worth $6,924,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its stake in shares of 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 valued at $29,000 after buying an additional 574 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in ExlService during the 1st quarter valued at about $30,000. Parallel Advisors LLC grew its position in ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 366 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in ExlService during the first quarter worth about $43,000. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in shares of ExlService during the fourth quarter worth about $42,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXLS has been the subject of a number of research reports. Citigroup lifted their price objective on shares of ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. boosted their price target on shares of 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 upgraded ExlService from a “hold” rating to a “buy” rating and increased their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of ExlService in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and an average price target of $39.67.

ExlService Price Performance

Shares of EXLS opened at $37.92 on Friday. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 1.94 and a beta of 1.00. The firm’s fifty day simple moving average is $35.54 and its 200-day simple moving average is $32.31. ExlService Holdings, Inc. has a twelve month low of $25.17 and a twelve month high of $38.72. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. ExlService’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. Equities analysts forecast that ExlService Holdings, Inc. will post 1.28 EPS for the current fiscal year.

Insider Buying and Selling

In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the firm’s 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 sale, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other ExlService news, EVP Narasimha Kini sold 8,435 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $33.00, for a total value of $278,355.00. Following the completion of the transaction, the executive vice president now owns 179,038 shares in the company, valued at $5,908,254. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 35,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the transaction, the chief executive officer now directly owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. The disclosure for this sale can be found here. Insiders sold a total of 163,625 shares of company stock worth $5,685,581 over the last 90 days. 3.75% of the stock is owned by insiders.

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.