USA Financial Formulas Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

USA Financial Formulas bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,317 shares of the business services provider’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXLS. Mackenzie Financial Corp increased its stake 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 purchasing an additional 233,108 shares in the last quarter. State Street Corp grew its holdings in ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares during the last quarter. Geneva Capital Management LLC increased its position in shares of ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after buying an additional 87,592 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after buying an additional 149,856 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of ExlService by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock worth $108,756,000 after buying an additional 88,759 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ExlService

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

Wall Street Analysts Forecast Growth

EXLS has been the subject of several recent research reports. Citigroup raised 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. Needham & Company LLC upped their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird raised their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.86.

ExlService Stock Up 1.5 %

Shares of NASDAQ:EXLS opened at $47.06 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 1.89 and a beta of 1.02. The stock’s 50-day moving average price is $45.58 and its two-hundred day moving average price is $39.63. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $47.37.

ExlService (NASDAQ:EXLS) last released 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 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 the consensus estimate of $460.73 million. During the same period in the previous year, the firm earned $0.30 earnings per share. ExlService’s revenue was up 14.9% compared to the same quarter last year. On average, research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

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.