QRG Capital Management Inc. Has $556,000 Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

QRG Capital Management Inc. boosted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,578 shares of the business services provider’s stock after buying an additional 1,053 shares during the quarter. QRG Capital Management Inc.’s holdings in ExlService were worth $556,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Azzad Asset Management Inc. ADV boosted its stake in ExlService by 1.1% in the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after purchasing an additional 261 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in ExlService by 3.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after purchasing an additional 291 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in ExlService by 5.2% in the second quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock worth $223,000 after purchasing an additional 349 shares in the last quarter. UMB Bank n.a. boosted its stake in ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after purchasing an additional 375 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the sale, the chief executive officer now owns 1,290,240 shares in the company, valued at approximately $53,480,448. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,290,240 shares in the company, valued at $53,480,448. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction dated 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 owns 102,825 shares of the company’s stock, valued at $4,304,254.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 285,498 shares of company stock worth $11,556,573. 4.16% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Needham & Company LLC boosted their price objective on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Citigroup boosted their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.86.

ExlService Trading Up 0.5 %

NASDAQ EXLS opened at $45.73 on Monday. The stock has a 50-day simple moving average of $38.74 and a 200 day simple moving average of $34.39. The company has a market capitalization of $7.36 billion, a PE ratio of 40.11, a P/E/G ratio of 2.20 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 Holdings, Inc. has a 12 month low of $26.23 and a 12 month high of $45.88.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data 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 business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. Research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

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.