Susquehanna Fundamental Investments LLC Takes $4.50 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Susquehanna Fundamental Investments LLC acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the first quarter, Holdings Channel.com reports. The firm acquired 141,545 shares of the business services provider’s stock, valued at approximately $4,501,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its stake in ExlService by 439.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after purchasing an additional 857 shares in the last quarter. Principal Securities Inc. bought a new position in shares of ExlService in the fourth quarter worth $34,000. Parallel Advisors LLC raised its position in shares of ExlService by 44.6% in the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after buying an additional 366 shares in the last quarter. RiverPark Advisors LLC boosted its stake in ExlService by 65.2% during the fourth quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock valued at $39,000 after buying an additional 503 shares during the period. Finally, Grayhawk Investment Strategies Inc. purchased a new position in ExlService during the fourth quarter worth about $42,000. Institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling

In other news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total value of $121,120.00. Following the completion of the transaction, the insider now owns 333,847 shares of the company’s stock, valued at approximately $10,108,887.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Maurizio Nicolelli sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $30.66, for a total transaction of $367,920.00. Following the completion of the sale, the chief financial officer now owns 138,985 shares of the company’s stock, valued at $4,261,280.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vivek Jetley sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the transaction, the insider now owns 333,847 shares of the company’s stock, valued at $10,108,887.16. The disclosure for this sale can be found here. Insiders have sold 112,837 shares of company stock worth $3,469,418 in the last 90 days. Insiders own 3.75% of the company’s stock.

ExlService Stock Up 2.6 %

Shares of EXLS stock traded up $0.85 during mid-day trading on Monday, reaching $33.95. 185,942 shares of the company’s stock traded hands, compared to its average volume of 973,848. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $30.44 and its 200-day moving average price is $30.65. The company has a market cap of $5.69 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.76 and a beta of 1.00. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $33.95.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. ExlService had a net margin of 10.92% and a return on equity of 23.13%. The business had revenue of $436.51 million for the quarter, compared to analysts’ expectations of $424.81 million. On average, equities analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXLS. Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and raised their price target for the company from $34.00 to $40.00 in a report on Wednesday, May 8th. TD Cowen increased their target price on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Citigroup lifted their price target on ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of ExlService in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.14.

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.