40,447 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Acquired by Walleye Capital LLC

Walleye Capital LLC acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 40,447 shares of the business services provider’s stock, valued at approximately $1,543,000.

A number of other large investors also recently modified their holdings of EXLS. William Blair Investment Management LLC increased its position in shares of ExlService by 46.5% in the 2nd quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after purchasing an additional 1,618,003 shares during the last quarter. Fiera Capital Corp increased its position in shares of ExlService by 497.8% in the 3rd quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock valued at $30,549,000 after purchasing an additional 666,805 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of ExlService by 1,216.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock valued at $20,231,000 after purchasing an additional 490,000 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of ExlService in the 3rd quarter valued at $17,198,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of 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 buying an additional 233,108 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Up 0.6 %

Shares of NASDAQ:EXLS opened at $46.25 on Thursday. The stock has a market cap of $7.44 billion, a P/E ratio of 40.57, a P/E/G ratio of 2.24 and a beta of 1.01. The firm has a fifty day moving average price of $42.21 and a 200 day moving average price of $36.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $47.37.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. ExlService’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the completion of the transaction, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This represents a 7.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the transaction, the director now owns 14,580 shares of the company’s stock, valued at approximately $642,249. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is owned by insiders.

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.