Advantage Alpha Capital Partners LP Sells 10,519 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Advantage Alpha Capital Partners LP lowered its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,852 shares of the business services provider's stock after selling 10,519 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.06% of ExlService worth $3,943,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in ExlService by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after acquiring an additional 215,485 shares during the last quarter. State Street Corp grew its holdings in ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider's stock worth $222,693,000 after purchasing an additional 59,196 shares during the period. Geode Capital Management LLC lifted its position in shares of ExlService by 3.6% in the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider's stock valued at $165,083,000 after buying an additional 149,856 shares during the last quarter. Handelsbanken Fonder AB raised its stake in ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after acquiring an additional 1,664,400 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in ExlService by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider's stock worth $82,448,000 after purchasing an additional 9,775 shares during the period. Institutional investors own 92.92% of the company's stock.

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Wall Street Analysts Forecast Growth

EXLS has been the subject of a number of research reports. Jefferies Financial Group raised their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Stifel Nicolaus raised their price objective 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. Needham & Company LLC upped their target price on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, ExlService currently has an average rating of "Moderate Buy" and an average target price of $47.38.

Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,351 shares of company stock valued at $2,337,284. Company insiders own 4.16% of the company's stock.

ExlService Price Performance

NASDAQ EXLS traded up $0.72 during midday trading on Tuesday, hitting $47.20. The company had a trading volume of 1,040,046 shares, compared to its average volume of 938,687. The company has a market capitalization of $7.66 billion, a PE ratio of 41.40, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $48.72 and a 200-day moving average price of $44.60.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The company had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

About ExlService

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.