American Trust Purchases Shares of 1,503 ExlService Holdings, Inc. (NASDAQ:EXLS)

American Trust purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLSGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,503 shares of the business services provider’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lloyd Advisory Services LLC. purchased a new position in shares of ExlService during the 1st quarter valued at about $27,000. Meeder Asset Management Inc. purchased a new position in shares of ExlService during the 1st quarter valued at about $32,000. Prospera Financial Services Inc purchased a new position in shares of ExlService during the 1st quarter valued at about $35,000. Archer Investment Corp purchased a new position in shares of ExlService during the 1st quarter valued at about $57,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of ExlService during the 1st quarter valued at about $70,000. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Wall Street Analysts Forecast Growth

EXLS has been the topic of a number of research reports. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Monday, September 5th. Cowen raised their price target on ExlService from $155.00 to $170.00 in a research report on Friday, July 29th. JPMorgan Chase & Co. upgraded ExlService from a “neutral” rating to an “overweight” rating in a research report on Thursday, July 28th. Citigroup raised their price target on ExlService from $134.00 to $140.00 in a research report on Friday, July 29th. Finally, Needham & Company LLC upgraded ExlService from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $159.83.

ExlService Price Performance

Shares of EXLS stock opened at $175.27 on Tuesday. The firm has a market cap of $5.79 billion, a P/E ratio of 46.99, a P/E/G ratio of 2.87 and a beta of 0.92. ExlService Holdings, Inc. has a fifty-two week low of $112.14 and a fifty-two week high of $179.81. The business’s 50 day moving average price is $165.64 and its 200-day moving average price is $149.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.11 and a current ratio of 2.11.

ExlService (NASDAQ:EXLSGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The business services provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.18. The firm had revenue of $346.78 million for the quarter, compared to analyst estimates of $329.60 million. ExlService had a return on equity of 21.78% and a net margin of 10.05%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. On average, equities research analysts anticipate that ExlService Holdings, Inc. will post 4.63 earnings per share for the current year.

Insider Activity

In other news, EVP Vikas Bhalla sold 3,588 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $149.90, for a total value of $537,841.20. Following the completion of the transaction, the executive vice president now owns 13,275 shares in the company, valued at approximately $1,989,922.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.51% of the stock is currently owned by company insiders.

ExlService Company Profile

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ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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.

Further Reading

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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