Raymond James & Associates Sells 10,978 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Raymond James & Associates cut its stake in ExlService Holdings, Inc. (NASDAQ:EXLSFree Report) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 509,254 shares of the business services provider’s stock after selling 10,978 shares during the quarter. Raymond James & Associates owned about 0.30% of ExlService worth $19,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of ExlService by 0.9% during the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock valued at $546,208,000 after buying an additional 160,723 shares during the last quarter. Mackenzie Financial Corp grew its position in ExlService by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after acquiring an additional 233,108 shares during the last quarter. William Blair Investment Management LLC increased its stake in ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after purchasing an additional 1,618,003 shares during the period. Geneva Capital Management LLC lifted its position in shares of ExlService by 8.7% during the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock worth $145,817,000 after purchasing an additional 365,776 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its stake in shares of ExlService by 1.2% during the second quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after purchasing an additional 46,302 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Price Performance

Shares of EXLS stock opened at $38.60 on Friday. The company has a market cap of $6.47 billion, a P/E ratio of 35.74, 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. The stock’s 50-day moving average is $37.45 and its 200 day moving average is $33.45. ExlService Holdings, Inc. has a 1-year low of $25.34 and a 1-year high of $40.77.

ExlService (NASDAQ:EXLSGet Free Report) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. During the same quarter in the previous year, the firm earned $0.31 EPS. The company’s quarterly revenue 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EXLS shares. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $42.00 in a report on Monday, September 9th. JPMorgan Chase & Co. boosted their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, August 2nd. Robert W. Baird lifted their target price on ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Citigroup upped their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Two research 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, ExlService has an average rating of “Moderate Buy” and an average target price of $40.86.

View Our Latest Stock Report on ExlService

Insider Transactions at ExlService

In other 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 sale, the executive vice president now owns 29,909 shares of the company’s stock, 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 through this hyperlink. 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. Also, insider Vivek Jetley sold 2,015 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total transaction of $72,036.25. Following the sale, the insider now directly owns 326,642 shares in the company, valued at approximately $11,677,451.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,875 shares of company stock valued at $4,716,859. Corporate insiders own 3.75% of the company’s stock.

About ExlService

(Free Report)

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.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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