Massachusetts Financial Services Co. MA Has $38.31 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Massachusetts Financial Services Co. MA decreased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,221,647 shares of the business services provider’s stock after selling 93,036 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.73% of ExlService worth $38,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in ExlService during the 4th quarter worth approximately $34,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of ExlService by 31.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,086 shares of the business services provider’s stock worth $404,000 after purchasing an additional 3,163 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of ExlService by 10.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,954 shares of the business services provider’s stock valued at $400,000 after buying an additional 1,211 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in ExlService by 90.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,179 shares of the business services provider’s stock worth $530,000 after buying an additional 8,173 shares during the period. Finally, Norges Bank bought a new position in ExlService during the fourth quarter worth about $79,930,000. Institutional investors own 92.92% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vivek Jetley sold 2,015 shares of ExlService stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the completion of the transaction, the insider now directly owns 326,642 shares of the company’s stock, valued at approximately $11,677,451.50. The disclosure for this sale can be found here. Insiders have sold 163,625 shares of company stock valued at $5,685,581 in the last 90 days. 3.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

EXLS has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of ExlService in a research note on Friday, August 2nd. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Finally, Citigroup boosted their price objective on shares of ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

ExlService Stock Performance

Shares of EXLS stock opened at $36.68 on Friday. The firm has a market cap of $6.15 billion, a PE ratio of 33.96, a P/E/G ratio of 1.89 and a beta of 1.00. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $36.88. The company’s fifty day simple moving average is $35.15 and its 200-day simple moving average is $32.08. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. Equities research analysts expect that ExlService Holdings, Inc. will post 1.28 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.