Tidal Investments LLC Invests $216,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Tidal Investments LLC acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,650 shares of the business services provider’s stock, valued at approximately $216,000.

Other large investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its position in ExlService by 3.2% during the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after buying an additional 233,108 shares in the last quarter. State Street Corp increased its position in shares of ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after acquiring an additional 59,196 shares during the last quarter. William Blair Investment Management LLC raised its holdings in ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after acquiring an additional 1,618,003 shares in the last quarter. Geneva Capital Management LLC boosted its position in ExlService by 1.9% during the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after purchasing an additional 87,592 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in ExlService by 3.6% in the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after purchasing an additional 149,856 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Price Performance

Shares of EXLS stock opened at $45.28 on Thursday. The business has a fifty day simple moving average of $44.15 and a 200 day simple moving average of $37.93. The company has a market cap of $7.28 billion, a P/E ratio of 39.72, a P/E/G ratio of 2.26 and a beta of 1.01. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $47.37. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXLS. Citigroup upped their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC upped their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lifted their price objective on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.86.

Insider Activity at ExlService

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 the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the sale, the chief executive officer now directly owns 1,190,240 shares of the company’s stock, valued at approximately $50,073,396.80. This trade represents a 7.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock worth $18,720,514 over the last three months. Company insiders own 4.16% of the company’s stock.

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.