Walleye Capital LLC Takes $1.54 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Walleye Capital LLC purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the third quarter, Holdings Channel.com reports. The fund purchased 40,447 shares of the business services provider’s stock, valued at approximately $1,543,000.

A number of other large investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in ExlService during the 3rd quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. increased its holdings in ExlService by 164.0% during the 2nd 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. Huntington National Bank increased its holdings in ExlService by 2,827.5% during the 3rd 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. GAMMA Investing LLC increased its holdings in ExlService by 28.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 391 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in ExlService by 29.7% during the 3rd 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. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the completion of the transaction, the chief executive officer now owns 1,190,240 shares in the company, valued at $50,073,396.80. The trade was a 7.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,458 shares of company stock valued at $18,720,514. Insiders own 4.16% of the company’s stock.

ExlService Price Performance

EXLS opened at $46.25 on Thursday. The company’s 50 day simple moving average is $42.21 and its 200 day simple moving average is $36.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $47.37. The stock has a market capitalization of $7.44 billion, a PE ratio of 40.57, a P/E/G ratio of 2.24 and a beta of 1.01.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same period last year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

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

ExlService Company 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.