Natixis Advisors LLC Boosts Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Natixis Advisors LLC raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,122 shares of the business services provider’s stock after buying an additional 2,896 shares during the period. Natixis Advisors LLC’s holdings in ExlService were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in EXLS. Sheaff Brock Investment Advisors LLC grew its stake in ExlService by 2.4% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 45,398 shares of the business services provider’s stock worth $1,732,000 after purchasing an additional 1,066 shares in the last quarter. Zions Bancorporation N.A. grew its position in shares of ExlService by 17.4% during the 3rd quarter. Zions Bancorporation N.A. now owns 59,963 shares of the business services provider’s stock worth $2,288,000 after buying an additional 8,885 shares in the last quarter. Huntington National Bank increased its stake in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,131 shares during the period. KBC Group NV increased its position in ExlService by 16.0% during the 3rd quarter. KBC Group NV now owns 5,071 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 699 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in ExlService by 18.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 23,529 shares of the business services provider’s stock worth $898,000 after buying an additional 3,721 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $42.00 in a research note on Monday, September 9th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Robert W. Baird boosted their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Citigroup increased their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

Insider Buying and Selling

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was 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 owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. This trade represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 461,458 shares of company stock valued at $19,986,814 over the last ninety days. Company insiders own 4.16% of the company’s stock.

ExlService Trading Up 1.2 %

Shares of NASDAQ:EXLS opened at $46.21 on Monday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 52-week low of $27.95 and a 52-week high of $47.32. The business has a 50-day moving average price of $40.64 and a 200-day moving average price of $35.50. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 2.22 and a beta of 0.99.

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

ExlService 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.