Bridgewater Associates LP Has $5.78 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Bridgewater Associates LP decreased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,184 shares of the business services provider's stock after selling 7,543 shares during the quarter. Bridgewater Associates LP owned about 0.08% of ExlService worth $5,778,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of ExlService by 1.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock valued at $633,000 after purchasing an additional 214 shares during the period. Kensington Investment Counsel LLC raised its stake in shares of ExlService by 0.7% in 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. raised its stake in shares of ExlService by 17.6% in 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 period. Dakota Wealth Management raised 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 valued at $288,000 after purchasing an additional 311 shares during the period. Finally, Heritage Family Offices LLP grew its holdings in shares of ExlService by 6.7% in the 4th quarter. Heritage Family Offices LLP now owns 6,677 shares of the business services provider's stock valued at $296,000 after acquiring an additional 421 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Performance

ExlService stock traded up $1.02 during midday trading on Wednesday, reaching $44.42. 659,242 shares of the company's stock were exchanged, compared to its average volume of 984,264. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 38.97, a P/E/G ratio of 2.11 and a beta of 0.91. The stock's 50-day simple moving average is $46.60 and its 200 day simple moving average is $45.71.

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). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the business's 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. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 1,865 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total value of $90,116.80. Following the sale, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $1,980,443.52. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock worth $2,337,284 over the last quarter. Company insiders own 4.16% of the company's stock.

Analyst Ratings Changes

EXLS has been the subject of several analyst reports. Jefferies Financial Group raised their price objective on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Needham & Company LLC raised their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. StockNews.com cut ExlService from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Finally, Stifel Nicolaus raised 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.86.

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.