Versor Investments LP Decreases Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Versor Investments LP lessened its stake in ExlService Holdings, Inc. (NASDAQ:EXLSFree Report) by 39.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,936 shares of the business services provider’s stock after selling 7,714 shares during the quarter. Versor Investments LP’s holdings in ExlService were worth $368,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of ExlService by 402.9% during the 3rd quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock worth $472,045,000 after acquiring an additional 13,487,495 shares in the last quarter. FMR LLC increased its position in shares of ExlService by 407.4% during the third quarter. FMR LLC now owns 9,605,650 shares of the business services provider’s stock worth $269,342,000 after purchasing an additional 7,712,359 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of ExlService by 367.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock valued at $242,251,000 after purchasing an additional 6,790,373 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of ExlService by 400.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider’s stock worth $123,146,000 after purchasing an additional 3,513,403 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in ExlService by 394.0% during the 3rd quarter. Principal Financial Group Inc. now owns 3,123,139 shares of the business services provider’s stock worth $87,573,000 after buying an additional 2,490,929 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 9,259 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the transaction, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the sale, the executive vice president now directly owns 127,046 shares in the company, valued at approximately $4,003,219.46. The disclosure for this sale can be found here. Insiders have sold a total of 45,019 shares of company stock valued at $1,409,089 over the last ninety days. Corporate insiders own 3.75% of the company’s stock.

ExlService Price Performance

Shares of ExlService stock opened at $30.39 on Tuesday. The firm has a market cap of $4.94 billion, a PE ratio of 28.09, a P/E/G ratio of 1.63 and a beta of 1.00. The business has a 50-day moving average price of $30.50 and a 200 day moving average price of $30.02. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. ExlService Holdings, Inc. has a twelve month low of $25.17 and a twelve month high of $33.40.

ExlService (NASDAQ:EXLSGet Free Report) last posted its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). ExlService had a net margin of 10.92% and a return on equity of 23.13%. The business had revenue of $414.06 million during the quarter, compared to analysts’ expectations of $408.56 million. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup decreased their price target on ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. TD Cowen lifted their target price on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of ExlService in a report on Friday, May 3rd. Finally, Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and upped their target price for the company from $34.00 to $40.00 in a research report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Check Out Our Latest Report on EXLS

ExlService Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EXLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExlService Holdings, Inc. (NASDAQ:EXLSFree Report).

Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.