Linden Thomas Advisory Services LLC Acquires 4,106 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Linden Thomas Advisory Services LLC increased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 23.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,883 shares of the business services provider’s stock after acquiring an additional 4,106 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in ExlService were worth $971,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of ExlService by 7.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,231 shares of the business services provider’s stock worth $987,000 after purchasing an additional 1,571 shares during the period. Dakota Wealth Management grew its position in ExlService by 5.0% during the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock worth $288,000 after buying an additional 311 shares in the last quarter. Sheets Smith Wealth Management increased its stake in ExlService by 19.1% during the 4th quarter. Sheets Smith Wealth Management now owns 29,616 shares of the business services provider’s stock worth $1,314,000 after acquiring an additional 4,744 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in ExlService by 8.0% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 27,000 shares of the business services provider’s stock valued at $1,198,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of ExlService by 54.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 16,409 shares of the business services provider’s stock valued at $728,000 after acquiring an additional 5,816 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Price Performance

EXLS stock opened at $49.14 on Friday. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 43.11, a P/E/G ratio of 2.08 and a beta of 1.02. 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 has a 50 day simple moving average of $45.90 and a 200 day simple moving average of $40.40. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $50.11.

ExlService (NASDAQ:EXLS) last announced its quarterly 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 company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the prior year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted 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. Jefferies Financial Group upped their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Citigroup lifted their price objective 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. Finally, StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction 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 $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of ExlService 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 transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at $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. Over the last three months, insiders sold 426,458 shares of company stock worth $18,720,514. 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.