Point72 Asset Management L.P. Makes New $380,000 Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Point72 Asset Management L.P. bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,565 shares of the business services provider's stock, valued at approximately $380,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. purchased a new stake in ExlService during the 4th quarter worth $25,000. Kestra Investment Management LLC acquired a new position in ExlService during the 4th quarter valued at about $26,000. Morse Asset Management Inc acquired a new position in ExlService during the 4th quarter valued at about $49,000. VisionPoint Advisory Group LLC acquired a new position in ExlService during the 4th quarter valued at about $58,000. Finally, UMB Bank n.a. boosted its stake in ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Activity

In related news, Director Jaynie M. Studenmund sold 14,580 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction dated 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 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. In the last 90 days, insiders sold 52,003 shares of company stock worth $2,420,678. 4.04% of the stock is currently owned by corporate insiders.

ExlService Price Performance

Shares of EXLS stock traded up $0.94 during mid-day trading on Tuesday, reaching $46.52. The company's stock had a trading volume of 1,322,571 shares, compared to its average volume of 1,047,127. 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 $7.57 billion, a P/E ratio of 40.81, a PEG ratio of 2.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The firm's 50-day moving average is $45.60 and its two-hundred day moving average is $46.64.

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 net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. During the same quarter in the prior year, the company posted $0.38 EPS. The business's revenue was up 14.8% on a year-over-year basis. On average, research analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Needham & Company LLC upped their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus boosted their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.33.

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.