SG Americas Securities LLC Takes Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

SG Americas Securities LLC bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the first quarter, Holdings Channel.com reports. The fund bought 7,324 shares of the business services provider’s stock, valued at approximately $346,000.

A number of other hedge funds have also bought and sold shares of EXLS. Morse Asset Management Inc bought a new stake in ExlService during the fourth quarter valued at $49,000. Johnson Financial Group Inc. acquired a new position in shares of ExlService in the 4th quarter valued at about $85,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of ExlService during the 4th quarter valued at about $99,000. Huntington National Bank boosted its position in shares of ExlService by 94.9% during the 4th quarter. Huntington National Bank now owns 2,282 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 1,111 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in ExlService by 42.9% during the first quarter. UMB Bank n.a. now owns 2,752 shares of the business services provider’s stock worth $130,000 after purchasing an additional 826 shares during the period. Institutional investors own 92.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on EXLS shares. JPMorgan Chase & Co. boosted their price target on ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Stifel Nicolaus lifted their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of ExlService in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.50.

ExlService Trading Down 2.9%

Shares of ExlService stock opened at $43.21 on Thursday. The stock has a market capitalization of $7.03 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 2.04 and a beta of 0.83. ExlService Holdings, Inc. has a 52 week low of $30.05 and a 52 week high of $52.43. The stock has a 50 day moving average price of $45.96 and a two-hundred day moving average price of $46.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.41 and a current ratio of 3.41.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $501.02 million for the quarter, compared to analysts’ expectations of $489.66 million. ExlService had a return on equity of 25.11% and a net margin of 11.36%. ExlService’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total value of $1,152,750.00. Following the transaction, the insider now owns 135,046 shares in the company, valued at $6,226,971.06. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $47.53, for a total value of $692,987.40. The disclosure for this sale can be found here. Insiders own 4.04% of the company’s stock.

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.