ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 37.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,136 shares of the business services provider's stock after acquiring an additional 62,809 shares during the quarter. AQR Capital Management LLC owned 0.14% of ExlService worth $10,155,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Northern Trust Corp boosted its stake in shares of ExlService by 13.1% during the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock worth $96,690,000 after acquiring an additional 252,669 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of ExlService during the 4th quarter worth about $85,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of ExlService during the 4th quarter worth about $11,413,000. Two Sigma Securities LLC purchased a new position in ExlService in the 4th quarter valued at about $211,000. Finally, Nebula Research & Development LLC purchased a new position in ExlService in the 4th quarter valued at about $607,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXLS. Jefferies Financial Group raised their price target on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Needham & Company LLC raised their price target on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Stifel Nicolaus raised their price target on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, ExlService presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.33.

ExlService Price Performance

EXLS traded up $0.02 during trading on Friday, reaching $45.55. The company's stock had a trading volume of 1,068,781 shares, compared to its average volume of 1,027,177. 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 firm has a fifty day simple moving average of $45.69 and a two-hundred day simple moving average of $46.33. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 2.11 and a beta of 0.86.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same period last year, the company posted $0.38 EPS. The business's revenue was up 14.8% on a year-over-year basis. As a group, analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now owns 94,443 shares of the company's stock, valued at $4,336,822.56. This represents a 10.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,178 shares of company stock valued at $2,354,449 in the last ninety days. 4.16% of the stock is currently owned by corporate insiders.

ExlService Company 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.