Barclays PLC Lowers Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Barclays PLC lessened its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 435,181 shares of the business services provider's stock after selling 11,424 shares during the quarter. Barclays PLC owned approximately 0.27% of ExlService worth $19,312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its stake in ExlService by 39.4% during the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock worth $415,588,000 after buying an additional 2,647,937 shares during the last quarter. Norges Bank acquired a new position in shares of ExlService in the 4th quarter valued at about $106,452,000. Handelsbanken Fonder AB grew its stake in ExlService by 313.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after purchasing an additional 1,664,400 shares during the period. Raymond James Financial Inc. acquired a new stake in ExlService during the fourth quarter worth approximately $52,852,000. Finally, Axiom Investors LLC DE acquired a new position in ExlService in the fourth quarter valued at approximately $20,419,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EXLS shares. StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Needham & Company LLC raised their target price on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group upped their price target on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.86.

ExlService Stock Up 1.6 %

Shares of EXLS stock traded up $0.68 during trading hours on Wednesday, reaching $44.08. The company had a trading volume of 1,887,019 shares, compared to its average volume of 988,998. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43. The business has a fifty day simple moving average of $46.60 and a 200-day simple moving average of $45.71.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $481.43 million for the quarter, compared to analysts' expectations of $475.68 million. On average, research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Anita Mahon sold 10,558 shares of the company's stock in a transaction that occurred 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 owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by company insiders.

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.