Park Avenue Securities LLC Purchases 2,570 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Park Avenue Securities LLC lifted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 46.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,053 shares of the business services provider’s stock after acquiring an additional 2,570 shares during the period. Park Avenue Securities LLC’s holdings in ExlService were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of ExlService by 24.9% in the 4th quarter. GAMMA Investing LLC now owns 2,911 shares of the business services provider’s stock worth $129,000 after purchasing an additional 580 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of ExlService by 4.2% during the third quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider’s stock valued at $3,953,000 after buying an additional 4,029 shares during the last quarter. Tidal Investments LLC bought a new stake in ExlService in the 3rd quarter worth about $216,000. Sanctuary Advisors LLC raised its position in ExlService by 5.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,744 shares of the business services provider’s stock worth $410,000 after buying an additional 547 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after acquiring an additional 149,856 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now directly owns 14,580 shares in the company, valued at approximately $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the transaction, the chief executive officer now owns 689,645 shares of the company’s stock, valued at $32,323,661.15. This represents a 12.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,458 shares of company stock valued at $18,720,514. Corporate insiders own 4.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on EXLS shares. Jefferies Financial Group lifted their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup increased their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird lifted their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.00.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $49.14 on Friday. The stock has a market cap of $7.91 billion, a PE ratio of 43.11, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $50.11. The firm has a fifty day moving average price of $45.90 and a 200-day moving average price of $40.34. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last issued its quarterly 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 return on equity of 23.23% and a net margin of 10.61%. ExlService’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 business posted $0.30 EPS. Equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal 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.