MQS Management LLC Invests $235,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

MQS Management LLC acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,493 shares of the business services provider’s stock, valued at approximately $235,000.

Several other hedge funds have also added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. raised 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 acquiring an additional 574 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of ExlService in the first quarter worth $30,000. Principal Securities Inc. acquired a new stake in ExlService in the fourth quarter valued at $34,000. Parallel Advisors LLC raised its position in ExlService by 44.6% during the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after purchasing an additional 366 shares during the last quarter. Finally, Grayhawk Investment Strategies Inc. acquired a new position in ExlService during the 4th quarter worth about $42,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EXLS. JPMorgan Chase & Co. increased their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and increased their target price for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of ExlService in a report on Friday, August 2nd. Finally, Citigroup upped their price objective on shares of ExlService from $37.00 to $38.00 and gave the company 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

Insider Buying and Selling at ExlService

In other news, insider Vivek Jetley sold 6,000 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $32.75, for a total transaction of $196,500.00. Following the transaction, the insider now owns 328,657 shares of the company’s stock, valued at approximately $10,763,516.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Vivek Jetley sold 6,000 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $32.75, for a total value of $196,500.00. Following the transaction, the insider now directly owns 328,657 shares in the company, valued at approximately $10,763,516.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rohit Kapoor sold 40,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the transaction, the chief executive officer now owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,625 shares of company stock valued at $5,685,581. Corporate insiders own 3.75% of the company’s stock.

ExlService Trading Down 0.4 %

NASDAQ EXLS opened at $36.52 on Friday. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $37.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. The business has a 50 day simple moving average of $35.21 and a 200 day simple moving average of $32.12. The stock has a market capitalization of $6.12 billion, a P/E ratio of 33.81, a P/E/G ratio of 1.89 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last announced 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 company had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. During the same quarter last year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Research analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current 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.