Loomis Sayles & Co. L P Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Loomis Sayles & Co. L P acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 3rd quarter, Holdings Channel reports. The firm acquired 450,821 shares of the business services provider’s stock, valued at approximately $17,198,000.

A number of other institutional investors also recently modified their holdings of EXLS. Eagle Asset Management Inc. raised its holdings in shares of ExlService by 4.3% during the third quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after purchasing an additional 29,510 shares during the period. Algert Global LLC increased its position in ExlService by 18.0% in the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after buying an additional 22,970 shares in the last quarter. Quest Partners LLC raised its stake in ExlService by 196.8% during the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock worth $2,671,000 after buying an additional 46,422 shares during the period. Assetmark Inc. boosted its holdings in ExlService by 107,991.3% in the third quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock worth $948,000 after acquiring an additional 24,838 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in ExlService by 317.0% in the second quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock valued at $8,003,000 after acquiring an additional 194,000 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the sale, the director now directly owns 14,580 shares of the company’s stock, valued at $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the transaction, the chief executive officer now directly owns 1,290,240 shares in the company, valued at $53,480,448. This represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 461,458 shares of company stock worth $19,986,814. 4.16% of the stock is owned by company insiders.

ExlService Price Performance

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

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same quarter in the prior year, the company earned $0.30 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EXLS. Robert W. Baird increased their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $42.00 in a report on Monday, September 9th. Citigroup upped their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ExlService presently has a consensus 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.