Wealth Enhancement Advisory Services LLC Acquires 653 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Wealth Enhancement Advisory Services LLC raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,345 shares of the business services provider’s stock after acquiring an additional 653 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ExlService were worth $509,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EXLS. Vanguard Group Inc. boosted its position in shares of ExlService by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after purchasing an additional 160,723 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in ExlService by 3.2% in the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after acquiring an additional 233,108 shares in the last quarter. William Blair Investment Management LLC grew its stake 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 acquiring an additional 1,618,003 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of ExlService by 1.2% during the second quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after acquiring an additional 46,302 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of ExlService by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock valued at $108,756,000 after purchasing an additional 88,759 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Up 0.5 %

Shares of EXLS opened at $45.73 on Friday. The stock has a 50 day moving average price of $38.74 and a 200 day moving average price of $34.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 2.05 and a beta of 0.99. ExlService Holdings, Inc. has a one year low of $26.23 and a one year high of $45.88.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXLS. Citigroup boosted their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Needham & Company LLC upped their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird lifted their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised 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 report on Monday, September 9th. Finally, JPMorgan Chase & Co. lifted their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.86.

Insider Buying and Selling at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 1,290,240 shares in the company, valued at $53,480,448. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the sale, the chief executive officer now owns 1,290,240 shares of the company’s stock, valued at approximately $53,480,448. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the transaction, the insider now directly owns 102,825 shares in the company, valued at $4,304,254.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 296,688 shares of company stock worth $11,939,831. 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.