Quest Partners LLC Grows Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Quest Partners LLC grew its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 196.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 70,015 shares of the business services provider’s stock after buying an additional 46,422 shares during the period. Quest Partners LLC’s holdings in ExlService were worth $2,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. William Blair Investment Management LLC lifted its holdings in 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 worth $159,871,000 after purchasing an additional 1,618,003 shares in the last quarter. Fiera Capital Corp grew its position in shares of ExlService by 497.8% during the third 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 in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of ExlService in the first quarter worth about $19,417,000. Handelsbanken Fonder AB increased its holdings in shares of ExlService by 1,216.2% in the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock worth $20,231,000 after purchasing an additional 490,000 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of ExlService by 156.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,100 shares of the business services provider’s stock worth $13,296,000 after buying an additional 255,100 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

EXLS opened at $44.69 on Monday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $39.75 and a 200 day moving average of $34.98. ExlService Holdings, Inc. has a 52-week low of $27.27 and a 52-week high of $47.32. The stock has a market cap of $7.19 billion, a P/E ratio of 39.20, a PEG ratio of 2.17 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last issued 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. The firm had revenue of $472.07 million during 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 business’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and increased their target price for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Citigroup increased their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. 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 research report on Thursday, October 31st. Finally, Robert W. Baird lifted 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. One research 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 an average rating of “Moderate Buy” and a consensus price target of $42.86.

Insiders Place Their Bets

In other 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 completion of the sale, the chief executive officer now owns 689,645 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, EVP Anita Mahon sold 25,670 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total transaction of $911,285.00. Following the transaction, the executive vice president now owns 68,857 shares in the company, valued at approximately $2,444,423.50. This represents a 27.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 483,483 shares of company stock worth $20,737,537 in the last three months. Corporate insiders own 4.16% of the company’s stock.

ExlService Profile

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.