GAMMA Investing LLC Increases Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

GAMMA Investing LLC lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 5,592.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 165,707 shares of the business services provider's stock after buying an additional 162,796 shares during the period. GAMMA Investing LLC owned about 0.10% of ExlService worth $7,823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mather Group LLC. bought a new position in ExlService in the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC acquired a new stake in shares of ExlService in the 4th quarter valued at approximately $26,000. Morse Asset Management Inc bought a new position in shares of ExlService in the 4th quarter valued at about $49,000. VisionPoint Advisory Group LLC acquired a new position in ExlService during the fourth quarter worth approximately $58,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of ExlService in the fourth quarter valued at $85,000. 92.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Stifel Nicolaus lifted their price target on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

ExlService Trading Up 1.0%

Shares of ExlService stock traded up $0.46 during trading on Thursday, reaching $48.05. 1,172,561 shares of the stock were exchanged, compared to its average volume of 1,059,262. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43. The stock's fifty day moving average is $45.65 and its 200 day moving average is $46.73. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jaynie M. Studenmund sold 14,580 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the transaction, the insider now directly owns 135,046 shares in the company, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their position. The disclosure for this sale can be found here. 4.04% of the stock is owned by insiders.

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.