Edgestream Partners L.P. Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Edgestream Partners L.P. bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 151,824 shares of the business services provider’s stock, valued at approximately $4,761,000. Edgestream Partners L.P. owned about 0.09% of ExlService at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of ExlService by 18.2% in the first quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock valued at $8,174,000 after purchasing an additional 39,537 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of ExlService in the first quarter valued at about $19,417,000. Goldman Sachs Group Inc. raised its holdings in shares of ExlService by 118.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock valued at $51,469,000 after purchasing an additional 905,144 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of ExlService by 0.9% in the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock valued at $546,208,000 after purchasing an additional 160,723 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of ExlService by 661.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 90,499 shares of the business services provider’s stock valued at $2,792,000 after purchasing an additional 78,612 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the transaction, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the sale, the chief executive officer now owns 1,424,588 shares in the company, valued at $51,541,593.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vivek Jetley sold 6,000 shares of ExlService stock in a transaction on Friday, July 12th. The shares were sold at an average price of $32.75, for a total transaction of $196,500.00. Following the completion of the sale, the insider now owns 328,657 shares in the company, valued at approximately $10,763,516.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,625 shares of company stock valued at $5,685,581. 3.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of ExlService in a report on Friday, August 2nd. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $42.00 in a report on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Citigroup raised their price objective on shares of ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, July 12th. 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, ExlService presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $36.12 on Wednesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $6.05 billion, a PE ratio of 33.44, a P/E/G ratio of 1.89 and a beta of 1.00. ExlService Holdings, Inc. has a twelve month low of $25.17 and a twelve month high of $36.88. The company has a 50-day moving average price of $34.88 and a two-hundred day moving average price of $31.99.

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

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.