Berry Wealth Group LP Raises Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Berry Wealth Group LP raised its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 17.9% in the third quarter, Holdings Channel.com reports. The fund owned 8,897 shares of the business services provider’s stock after buying an additional 1,353 shares during the quarter. Berry Wealth Group LP’s holdings in ExlService were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV raised its stake in shares of ExlService by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock valued at $944,000 after acquiring an additional 261 shares during the period. Mercer Global Advisors Inc. ADV raised its position in ExlService by 3.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 291 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of ExlService by 5.2% during the second quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock worth $223,000 after purchasing an additional 349 shares in the last quarter. Choreo LLC lifted its stake in shares of ExlService by 3.2% during the first quarter. Choreo LLC now owns 11,456 shares of the business services provider’s stock worth $364,000 after purchasing an additional 350 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after buying an additional 375 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Down 0.9 %

Shares of EXLS stock traded down $0.37 during mid-day trading on Monday, reaching $40.03. 529,950 shares of the company were exchanged, compared to its average volume of 946,698. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45. The business’s 50 day simple moving average is $37.02 and its 200 day simple moving average is $33.17. The company has a market capitalization of $6.71 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.05 and a beta of 1.00. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $40.77.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $448.40 million during the quarter, compared to analyst estimates of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. Research analysts predict that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

Insider Buying and Selling

In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Vivek Jetley sold 2,015 shares of ExlService stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.75, for a total value of $72,036.25. Following the completion of the transaction, the insider now directly owns 326,642 shares of the company’s stock, valued at approximately $11,677,451.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the sale, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,875 shares of company stock worth $4,716,859. Corporate insiders own 3.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Robert W. Baird upped their target price on shares of ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of ExlService in a report on Friday, August 2nd. Finally, Citigroup boosted their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.86.

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.