AlphaQuest LLC Has $3.33 Million Stock Position in ExlService Holdings, Inc. $EXLS

AlphaQuest LLC increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 204.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,637 shares of the business services provider’s stock after acquiring an additional 50,825 shares during the quarter. AlphaQuest LLC’s holdings in ExlService were worth $3,330,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Empowered Funds LLC grew its position in ExlService by 277.7% during the 1st quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $821,000 after purchasing an additional 12,781 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of ExlService by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock worth $23,486,000 after buying an additional 19,769 shares during the period. Jane Street Group LLC purchased a new position in shares of ExlService during the first quarter valued at $10,084,000. Park Avenue Securities LLC acquired a new position in ExlService during the second quarter valued at $264,000. Finally, Public Employees Retirement System of Ohio lifted its stake in ExlService by 1,000.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 53,956 shares of the business services provider’s stock worth $2,363,000 after acquiring an additional 49,055 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the sale, the insider directly owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This represents a 9.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 8,114 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the completion of the transaction, the executive vice president owned 53,515 shares in the company, valued at $2,275,992.95. The trade was a 13.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on EXLS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a research note on Thursday, January 22nd. Wall Street Zen cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, TD Cowen dropped their price objective on shares of ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

ExlService Price Performance

NASDAQ EXLS opened at $38.60 on Friday. ExlService Holdings, Inc. has a fifty-two week low of $37.30 and a fifty-two week high of $52.43. The stock’s 50-day moving average is $41.63 and its two-hundred day moving average is $41.93. The firm has a market cap of $6.13 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.60 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The company had revenue of $529.59 million during the quarter, compared to the consensus estimate of $522.35 million. During the same quarter in the prior year, the company posted $0.44 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

ExlService Company Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.