Arrowstreet Capital Limited Partnership Sells 32,928 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Arrowstreet Capital Limited Partnership decreased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 75.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,955 shares of the business services provider's stock after selling 32,928 shares during the period. Arrowstreet Capital Limited Partnership's holdings in ExlService were worth $486,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in shares of ExlService in the 4th quarter worth about $8,682,000. Smith Group Asset Management LLC boosted its position in shares of ExlService by 1.9% during the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider's stock worth $18,755,000 after buying an additional 7,694 shares during the period. Oak Ridge Investments LLC grew its holdings in ExlService by 3.1% in the 4th quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider's stock worth $14,697,000 after buying an additional 9,859 shares in the last quarter. MML Investors Services LLC increased its position in ExlService by 23.2% in the 3rd quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider's stock valued at $397,000 after acquiring an additional 1,959 shares during the period. Finally, Barclays PLC raised its stake in ExlService by 62.6% during the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock valued at $17,040,000 after acquiring an additional 171,912 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

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ExlService Stock Performance

Shares of NASDAQ:EXLS traded down $0.70 during midday trading on Wednesday, hitting $45.19. The company's stock had a trading volume of 384,121 shares, compared to its average volume of 981,594. The stock's 50 day simple moving average is $47.29 and its 200 day simple moving average is $45.51. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data 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 business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Transactions at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock worth $2,337,284. Corporate insiders own 4.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EXLS shares. Needham & Company LLC raised their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus boosted their price target 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. Jefferies Financial Group increased their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Finally, StockNews.com cut ExlService from a "buy" rating to a "hold" rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, ExlService presently has a consensus rating of "Moderate Buy" and an average price target of $48.86.

ExlService 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.