Pitcairn Co. Purchases 8,913 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Pitcairn Co. increased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 47.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 27,572 shares of the business services provider’s stock after purchasing an additional 8,913 shares during the period. Pitcairn Co.’s holdings in ExlService were worth $1,052,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EXLS. Silvercrest Asset Management Group LLC bought a new stake in shares of ExlService during the 1st quarter worth about $19,417,000. New Covenant Trust Company N.A. bought a new stake in ExlService in the 1st quarter valued at $30,000. GAMMA Investing LLC grew its holdings in ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after buying an additional 391 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in ExlService by 10.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 15,063 shares of the business services provider’s stock worth $472,000 after buying an additional 1,373 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of ExlService by 780.7% during the second quarter. SG Americas Securities LLC now owns 31,318 shares of the business services provider’s stock worth $982,000 after buying an additional 27,762 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on EXLS. Robert W. Baird upped their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC lifted their price target 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. JPMorgan Chase & Co. increased their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Citigroup lifted their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Finally, Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $42.00 in a report on Monday, September 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.86.

Insider Buying and Selling

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 of the company’s stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the transaction, the director now directly owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 461,458 shares of company stock valued at $19,986,814 over the last 90 days. 4.16% of the stock is owned by insiders.

ExlService Trading Up 1.2 %

EXLS opened at $46.21 on Monday. The company has a market cap of $7.43 billion, a P/E ratio of 40.54, a PEG ratio of 2.22 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. The company’s 50 day moving average is $40.64 and its 200-day moving average is $35.50. ExlService Holdings, Inc. has a 1-year low of $27.95 and a 1-year high of $47.32.

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

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.