ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Acquired by RiverPark Advisors LLC

RiverPark Advisors LLC increased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 482.2% in the first quarter, Holdings Channel reports. The firm owned 7,417 shares of the business services provider’s stock after purchasing an additional 6,143 shares during the quarter. RiverPark Advisors LLC’s holdings in ExlService were worth $236,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC boosted its stake in ExlService by 463.6% in the third quarter. LPL Financial LLC now owns 124,213 shares of the business services provider’s stock valued at $3,482,000 after acquiring an additional 102,174 shares during the period. California State Teachers Retirement System boosted its stake in ExlService by 356.0% in the third quarter. California State Teachers Retirement System now owns 182,704 shares of the business services provider’s stock valued at $5,123,000 after acquiring an additional 142,637 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in ExlService by 478.8% in the third quarter. Schonfeld Strategic Advisors LLC now owns 31,382 shares of the business services provider’s stock valued at $880,000 after acquiring an additional 25,960 shares during the period. AQR Capital Management LLC boosted its stake in ExlService by 388.4% in the third quarter. AQR Capital Management LLC now owns 215,899 shares of the business services provider’s stock valued at $6,054,000 after acquiring an additional 171,698 shares during the period. Finally, Alps Advisors Inc. acquired a new position in ExlService in the third quarter valued at approximately $323,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Performance

Shares of EXLS traded down $0.35 during mid-day trading on Tuesday, reaching $31.56. 807,043 shares of the company’s stock traded hands, compared to its average volume of 984,464. The business’s 50-day moving average price is $30.28 and its 200-day moving average price is $30.62. The stock has a market capitalization of $5.29 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.54 and a current ratio of 2.54. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $33.40.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. ExlService had a return on equity of 23.13% and a net margin of 10.92%. The firm had revenue of $436.51 million for the quarter, compared to analysts’ expectations of $424.81 million. Equities analysts predict that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EXLS. Citigroup decreased their target price on ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, May 3rd. TD Cowen lifted their price target on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $34.00 to $40.00 in a report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Insider Buying and Selling

In related news, CFO Maurizio Nicolelli sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total transaction of $367,920.00. Following the sale, the chief financial officer now owns 138,985 shares of the company’s stock, valued at $4,261,280.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other ExlService news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total value of $121,120.00. Following the transaction, the insider now owns 333,847 shares in the company, valued at $10,108,887.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Maurizio Nicolelli sold 12,000 shares of ExlService stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total transaction of $367,920.00. Following the completion of the transaction, the chief financial officer now owns 138,985 shares in the company, valued at approximately $4,261,280.10. The disclosure for this sale can be found here. Insiders have sold a total of 112,837 shares of company stock valued at $3,469,418 over the last quarter. Corporate insiders own 3.75% 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.