Hsbc Holdings PLC Trims Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Hsbc Holdings PLC lessened its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 32.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,297 shares of the business services provider’s stock after selling 3,545 shares during the quarter. Hsbc Holdings PLC’s holdings in ExlService were worth $1,063,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EXLS. FMR LLC lifted its stake in shares of ExlService by 23.8% during the 2nd quarter. FMR LLC now owns 3,513,418 shares of the business services provider’s stock worth $517,631,000 after purchasing an additional 674,982 shares during the period. Principal Financial Group Inc. lifted its stake in shares of ExlService by 42.6% during the 2nd quarter. Principal Financial Group Inc. now owns 645,851 shares of the business services provider’s stock worth $95,153,000 after purchasing an additional 192,980 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of ExlService by 5,059.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 178,303 shares of the business services provider’s stock worth $26,274,000 after purchasing an additional 174,847 shares during the period. Loomis Sayles & Co. L P purchased a new position in shares of ExlService during the 2nd quarter worth $25,227,000. Finally, Invesco Ltd. lifted its stake in shares of ExlService by 49.7% during the 1st quarter. Invesco Ltd. now owns 466,371 shares of the business services provider’s stock worth $66,817,000 after purchasing an additional 154,763 shares during the period. Hedge funds and other institutional investors own 95.84% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andreas Fibig purchased 600 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was purchased at an average price of $165.85 per share, for a total transaction of $99,510.00. Following the acquisition, the director now directly owns 600 shares in the company, valued at $99,510. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Andreas Fibig purchased 600 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was purchased at an average price of $165.85 per share, for a total transaction of $99,510.00. Following the acquisition, the director now directly owns 600 shares in the company, valued at $99,510. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ajay Ayyappan sold 389 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $177.08, for a total value of $68,884.12. Following the completion of the transaction, the senior vice president now owns 5,365 shares of the company’s stock, valued at approximately $950,034.20. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,449,848 in the last 90 days. 3.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of ExlService in a report on Friday, February 24th. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on ExlService from $190.00 to $195.00 in a report on Thursday, December 15th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.83.

ExlService Stock Up 1.0 %

NASDAQ EXLS opened at $164.88 on Friday. The stock has a market cap of $5.49 billion, a PE ratio of 38.98, a P/E/G ratio of 2.08 and a beta of 1.01. ExlService Holdings, Inc. has a fifty-two week low of $116.87 and a fifty-two week high of $191.18. The business has a 50 day moving average price of $170.62 and a two-hundred day moving average price of $171.71. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.29.

About ExlService

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ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.