Bridgewater Associates LP Has $5.25 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Bridgewater Associates LP lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 28.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,727 shares of the business services provider's stock after selling 54,036 shares during the period. Bridgewater Associates LP owned about 0.09% of ExlService worth $5,254,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new stake in ExlService during the 3rd quarter worth $27,000. Whittier Trust Co. of Nevada Inc. increased its stake in ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock worth $29,000 after buying an additional 574 shares during the period. Huntington National Bank increased its stake in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock worth $45,000 after buying an additional 1,131 shares during the period. GAMMA Investing LLC increased its stake in ExlService by 28.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock worth $55,000 after buying an additional 391 shares during the period. Finally, UMB Bank n.a. increased its stake in ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock worth $62,000 after buying an additional 375 shares during the period. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Activity

In other news, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now owns 14,580 shares of the company's stock, valued at $642,249. The trade was a 20.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now directly owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 426,458 shares of company stock worth $18,720,514 over the last 90 days. 4.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXLS. JPMorgan Chase & Co. lifted their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Needham & Company LLC raised their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a report on Wednesday. Jefferies Financial Group raised shares of ExlService from a "hold" rating to a "buy" rating and lifted their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. Finally, Citigroup lifted their price target on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.86.

ExlService Price Performance

EXLS traded down $0.23 on Friday, reaching $46.36. The company had a trading volume of 376,991 shares, compared to its average volume of 943,911. The company has a market capitalization of $7.46 billion, a P/E ratio of 40.67, a PEG ratio of 2.27 and a beta of 0.99. 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 fifty day moving average of $41.67 and a 200-day moving average of $35.99. ExlService Holdings, Inc. has a one year low of $28.00 and a one year high of $47.37.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The business had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business's revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.