Sheaff Brock Investment Advisors LLC Acquires 1,066 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Sheaff Brock Investment Advisors LLC raised its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,398 shares of the business services provider’s stock after acquiring an additional 1,066 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in ExlService were worth $1,732,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EXLS. Janney Montgomery Scott LLC grew its stake in shares of ExlService by 5.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,863 shares of the business services provider’s stock worth $441,000 after acquiring an additional 682 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of ExlService by 5.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 13,809 shares of the business services provider’s stock valued at $439,000 after buying an additional 723 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of ExlService by 269.0% in the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock valued at $51,000 after buying an additional 1,162 shares in the last quarter. Russell Investments Group Ltd. grew its stake 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 buying an additional 39,537 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of ExlService by 4.7% in the first quarter. ProShare Advisors LLC now owns 37,119 shares of the business services provider’s stock valued at $1,180,000 after buying an additional 1,661 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $45.42 on Friday. ExlService Holdings, Inc. has a 1 year low of $27.27 and a 1 year high of $47.32. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 39.84, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company’s 50 day simple moving average is $39.56 and its 200 day simple moving average is $34.79.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. As a group, research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

EXLS has been the subject of several analyst reports. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday. Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Citigroup raised their target price on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.86.

Insider Transactions at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total value of $4,687,000.00. Following the completion of the transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the transaction, the insider now directly owns 102,825 shares of the company’s stock, valued at $4,304,254.50. This represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 483,483 shares of company stock valued at $20,737,537. 4.16% of the stock is currently owned by insiders.

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.