RiverPark Advisors LLC Increases Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

by · The Cerbat Gem

RiverPark Advisors LLC grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) by 22.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,949 shares of the business services provider’s stock after buying an additional 1,818 shares during the quarter. RiverPark Advisors LLC’s holdings in ExlService were worth $380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of ExlService during the third quarter worth approximately $27,000. Whittier Trust Co. of Nevada Inc. boosted its stake in ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 574 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in ExlService in the first quarter valued at approximately $30,000. Huntington National Bank boosted its stake in ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 375 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on EXLS. JPMorgan Chase & Co. raised their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Citigroup raised their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Robert W. Baird raised their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and raised their target price for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, ExlService has an average rating of “Moderate Buy” and a consensus price target of $42.86.

Read Our Latest Stock Report on EXLS

Insider Buying and Selling

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at $32,323,661.15. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the transaction, the insider now owns 102,825 shares in the company, valued at $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 483,483 shares of company stock worth $20,737,537. 4.16% of the stock is owned by insiders.

ExlService Stock Down 1.6 %

Shares of NASDAQ EXLS opened at $44.69 on Friday. The company’s 50-day simple moving average is $39.75 and its 200-day simple moving average is $34.94. ExlService Holdings, Inc. has a 52-week low of $27.27 and a 52-week high of $47.32. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS – Get Free Report) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. Equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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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