Heritage Family Offices LLP Acquires Shares of 6,256 ExlService Holdings, Inc. (NASDAQ:EXLS)

Heritage Family Offices LLP acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,256 shares of the business services provider’s stock, valued at approximately $239,000.

Other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its position in ExlService by 164.0% in the 2nd 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 position in ExlService in the 1st quarter valued at $30,000. Fidelis Capital Partners LLC bought a new position in ExlService in the 1st quarter valued at $43,000. Headlands Technologies LLC grew its position in ExlService by 269.0% in the 1st quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 1,162 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 391 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the topic of a number of recent research reports. Robert W. Baird increased their price target on ExlService from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. increased their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of ExlService in a research report on Friday, August 2nd. Finally, Citigroup increased their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.86.

ExlService Price Performance

Shares of EXLS stock opened at $40.32 on Thursday. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $40.43. The stock’s 50-day moving average is $36.65 and its 200 day moving average is $32.98. The company has a market cap of $6.76 billion, a P/E ratio of 37.33, a PEG ratio of 2.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The company had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. During the same quarter last year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts predict that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In related news, EVP Ajay Ayyappan sold 21,000 shares of ExlService stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total value of $721,980.00. Following the completion of the sale, the executive vice president now directly owns 29,909 shares in the company, valued at $1,028,271.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Ajay Ayyappan sold 21,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total value of $721,980.00. Following the completion of the transaction, the executive vice president now owns 29,909 shares in the company, valued at $1,028,271.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the transaction, the chief executive officer now owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,875 shares of company stock worth $4,716,859. Insiders own 3.75% 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.