GAMMA Investing LLC Has $7.82 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

GAMMA Investing LLC raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 5,592.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,707 shares of the business services provider's stock after acquiring an additional 162,796 shares during the period. GAMMA Investing LLC owned about 0.10% of ExlService worth $7,823,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. acquired a new position in shares of ExlService in the 4th quarter worth approximately $25,000. Kestra Investment Management LLC bought a new position in shares of ExlService in the 4th quarter worth $26,000. Morse Asset Management Inc bought a new position in shares of ExlService in the 4th quarter worth $49,000. VisionPoint Advisory Group LLC acquired a new stake in ExlService during the 4th quarter worth $58,000. Finally, Johnson Financial Group Inc. acquired a new stake in ExlService during the 4th quarter worth $85,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $47.53, for a total transaction of $692,987.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.11, for a total value of $1,152,750.00. Following the transaction, the insider now owns 135,046 shares of the company's stock, valued at $6,226,971.06. This trade represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,138 shares of company stock valued at $2,330,561 in the last 90 days. 4.04% of the stock is currently owned by corporate insiders.

ExlService Stock Performance

NASDAQ EXLS opened at $47.99 on Monday. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 42.10, a PEG ratio of 2.11 and a beta of 0.83. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The stock has a fifty day simple moving average of $45.53 and a 200 day simple moving average of $46.71. 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 issued its quarterly 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 return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. During the same period last year, the business posted $0.38 EPS. The business's revenue was up 14.8% compared to the same quarter last year. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on EXLS. JPMorgan Chase & Co. lifted their price target on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Finally, Stifel Nicolaus upped their target price on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. One equities 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, the company presently has an average rating of "Moderate Buy" and an average price target of $51.50.

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.

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