Geode Capital Management LLC Raises Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Geode Capital Management LLC raised its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,326,511 shares of the business services provider’s stock after purchasing an additional 149,856 shares during the quarter. Geode Capital Management LLC owned 2.69% of ExlService worth $165,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in ExlService in the third quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. lifted its stake in ExlService by 164.0% during 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 period. Huntington National Bank lifted its stake in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares during the period. UMB Bank n.a. boosted its holdings in shares of ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 375 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of ExlService by 32.8% in the third quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock worth $89,000 after acquiring an additional 576 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXLS. Robert W. Baird boosted their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Citigroup boosted their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and raised their target price for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Needham & Company LLC boosted their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.86.

Insider Buying and Selling at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the firm’s 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 transaction, the chief executive officer now owns 1,290,240 shares in the company, valued at approximately $53,480,448. This trade represents a 7.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now directly owns 102,825 shares of the company’s stock, valued at $4,304,254.50. The trade was a 18.16 % 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 valued at $18,720,514 over the last ninety days. Corporate insiders own 4.16% of the company’s stock.

ExlService Stock Performance

Shares of EXLS stock opened at $45.93 on Monday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $47.37. The business’s 50 day moving average is $43.33 and its two-hundred day moving average is $37.16. The company has a market capitalization of $7.39 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.26 and a beta of 1.01.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue was up 14.9% on a year-over-year basis. Analysts expect that ExlService Holdings, Inc. will post 1.27 EPS 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.