Harvest Fund Management Co. Ltd Purchases 9,980 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Harvest Fund Management Co. Ltd raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 81.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 22,247 shares of the business services provider's stock after purchasing an additional 9,980 shares during the period. Harvest Fund Management Co. Ltd's holdings in ExlService were worth $1,050,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXLS. FMR LLC increased its stake in shares of ExlService by 39.4% in the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after acquiring an additional 2,647,937 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of ExlService by 25.2% in the 1st quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock valued at $129,671,000 after acquiring an additional 552,000 shares in the last quarter. Norges Bank bought a new stake in shares of ExlService in the 4th quarter valued at $106,452,000. Northern Trust Corp increased its stake in shares of ExlService by 13.1% in the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after acquiring an additional 252,669 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in shares of ExlService by 3.3% in the 4th quarter. Hood River Capital Management LLC now owns 1,381,290 shares of the business services provider's stock valued at $61,302,000 after acquiring an additional 43,504 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction 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 sale, the insider owned 135,046 shares in the company, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.04% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EXLS shares. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. increased their target price on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $51.50.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded down $1.27 during mid-day trading on Friday, reaching $42.16. 1,858,201 shares of the company traded hands, compared to its average volume of 1,655,988. ExlService Holdings, Inc. has a 52 week low of $31.87 and a 52 week high of $52.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.41. The firm has a market cap of $6.86 billion, a PE ratio of 29.28, a PEG ratio of 1.95 and a beta of 0.80. The company's 50 day moving average price is $44.83 and its 200-day moving average price is $46.38.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. On average, equities analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.