Assetmark Inc. Buys 24,838 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Assetmark Inc. increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 107,991.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,861 shares of the business services provider’s stock after acquiring an additional 24,838 shares during the quarter. Assetmark Inc.’s holdings in ExlService were worth $948,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Fiera Capital Corp boosted its holdings in ExlService by 497.8% in the 3rd quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock valued at $30,549,000 after purchasing an additional 666,805 shares during the period. QRG Capital Management Inc. raised its position in shares of ExlService by 7.8% in the 3rd quarter. QRG Capital Management Inc. now owns 14,578 shares of the business services provider’s stock valued at $556,000 after buying an additional 1,053 shares in the last quarter. Van ECK Associates Corp raised its position in shares of ExlService by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 108,295 shares of the business services provider’s stock valued at $4,254,000 after buying an additional 30,945 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of ExlService by 46.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,660 shares of the business services provider’s stock valued at $788,000 after buying an additional 6,519 shares in the last quarter. Finally, Oak Ridge Investments LLC raised its position in shares of ExlService by 54.3% in the 3rd quarter. Oak Ridge Investments LLC now owns 321,310 shares of the business services provider’s stock valued at $12,258,000 after buying an additional 113,084 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on EXLS shares. Robert W. Baird boosted their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup upped their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, 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 report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Stock Performance

Shares of EXLS stock opened at $44.69 on Friday. The business’s 50-day moving average price is $39.75 and its 200-day moving average price is $34.90. ExlService Holdings, Inc. has a 12 month low of $27.27 and a 12 month high of $47.32. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 39.20, a PEG ratio of 2.25 and a beta of 0.99. 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 (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The firm 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 business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling

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

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.