ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC lifted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 23.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,415 shares of the business services provider’s stock after purchasing an additional 1,959 shares during the period. MML Investors Services LLC’s holdings in ExlService were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kensington Investment Counsel LLC raised its position in shares of ExlService by 2.2% in the third quarter. Kensington Investment Counsel LLC now owns 38,925 shares of the business services provider’s stock worth $1,485,000 after acquiring an additional 841 shares during the period. Castleark Management LLC acquired a new position in ExlService in the 3rd quarter worth about $6,045,000. Wolverine Trading LLC acquired a new stake in ExlService in the third quarter valued at approximately $327,000. State Street Corp grew its holdings in ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of ExlService by 38.1% during the 3rd quarter. Stifel Financial Corp now owns 81,359 shares of the business services provider’s stock worth $3,104,000 after buying an additional 22,435 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXLS. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Needham & Company LLC lifted their target price on shares of 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 upped their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, ExlService has an average rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Trading Down 0.2 %

Shares of ExlService stock opened at $44.61 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The stock’s 50 day simple moving average is $44.04 and its 200-day simple moving average is $37.81. The stock has a market cap of $7.18 billion, a P/E ratio of 39.13, a P/E/G ratio of 2.26 and a beta of 1.01. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $47.37.

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, beating the consensus estimate of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same period in the prior year, the business earned $0.30 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction 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 sale, the chief executive officer now owns 1,290,240 shares in the company, valued at $53,480,448. The trade was a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now owns 14,580 shares of the company’s stock, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,458 shares of company stock valued at $18,720,514 over the last ninety days. Company insiders own 4.16% of the company’s stock.

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.