Heritage Family Offices LLP Purchases 421 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Heritage Family Offices LLP boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.7% in the 4th quarter, Holdings Channel reports. The firm owned 6,677 shares of the business services provider’s stock after buying an additional 421 shares during the period. Heritage Family Offices LLP’s holdings in ExlService were worth $296,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. USA Financial Formulas acquired a new position in shares of ExlService during the 4th quarter worth $58,000. Park Avenue Securities LLC raised its stake in ExlService by 46.9% during the fourth quarter. Park Avenue Securities LLC now owns 8,053 shares of the business services provider’s stock worth $357,000 after acquiring an additional 2,570 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 valued at $129,000 after purchasing an additional 580 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of ExlService by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider’s stock valued at $3,953,000 after purchasing an additional 4,029 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in ExlService during the 3rd quarter worth approximately $216,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares of the company’s stock, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the transaction, the chief executive officer now owns 689,645 shares in the company, valued at $32,323,661.15. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock worth $18,720,514 over the last quarter. Company insiders own 4.16% of the company’s stock.

ExlService Price Performance

Shares of EXLS opened at $46.35 on Thursday. The business has a 50-day moving average of $45.54 and a 200-day moving average of $39.57. 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 company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 40.66, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $47.37.

ExlService (NASDAQ:EXLS) last released its quarterly 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. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same quarter last year, the business earned $0.30 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EXLS shares. Citigroup raised their target price on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Robert W. Baird increased their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC lifted their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.86.

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.