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

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its position in ExlService by 1.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock valued at $633,000 after acquiring an additional 214 shares during the last quarter. Kensington Investment Counsel LLC grew its stake in shares of ExlService by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock valued at $1,740,000 after purchasing an additional 282 shares during the period. UMB Bank n.a. increased its position in shares of 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 last quarter. Dakota Wealth Management lifted its stake in shares of ExlService by 5.0% in the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after purchasing an additional 311 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of ExlService by 2.3% in the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after buying an additional 359 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Needham & Company LLC upped their price objective on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Finally, Stifel Nicolaus upped their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.38.

Insiders Place Their Bets

In related news, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares of the company's stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock valued at $2,337,284 in the last quarter. 4.16% of the stock is currently owned by insiders.

ExlService Price Performance

EXLS traded down $0.27 during trading on Friday, hitting $46.80. 848,676 shares of the company traded hands, compared to its average volume of 983,881. 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 company has a market cap of $7.60 billion, a PE ratio of 41.05, a P/E/G ratio of 2.11 and a beta of 1.10. The stock's 50-day simple moving average is $48.73 and its two-hundred day simple moving average is $44.71. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $52.43.

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