Pathstone Holdings LLC Boosts Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Pathstone Holdings LLC raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.8% in the third quarter, Holdings Channel reports. The firm owned 49,950 shares of the business services provider’s stock after purchasing an additional 405 shares during the period. Pathstone Holdings LLC’s holdings in ExlService were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in ExlService during the third quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of 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 worth $29,000 after purchasing an additional 574 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of ExlService in the 1st quarter worth approximately $30,000. Huntington National Bank lifted its stake in ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in ExlService by 28.7% during the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 391 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 22,813 shares of the firm’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 sale, the insider now directly owns 102,825 shares of the company’s stock, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now owns 14,580 shares of the company’s stock, valued at approximately $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 461,458 shares of company stock valued at $19,986,814 in the last 90 days. Corporate insiders own 4.16% of the company’s stock.

ExlService Stock Performance

ExlService stock opened at $47.02 on Wednesday. The firm’s 50 day simple moving average is $40.84 and its 200 day simple moving average is $35.62. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 1-year low of $27.95 and a 1-year high of $47.32. The firm has a market capitalization of $7.56 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on EXLS. JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Robert W. Baird lifted their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC upped their price target 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. Finally, StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price of $42.86.

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.