Canada Pension Plan Investment Board lessened its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 28.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,710 shares of the business services provider's stock after selling 29,390 shares during the quarter. Canada Pension Plan Investment Board's holdings in ExlService were worth $3,227,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in EXLS. Proficio Capital Partners LLC purchased a new position in shares of ExlService in the fourth quarter worth $8,682,000. Smith Group Asset Management LLC boosted its holdings in shares of ExlService by 1.9% during the 4th quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider's stock valued at $18,755,000 after purchasing an additional 7,694 shares during the last quarter. Oak Ridge Investments LLC grew its position in shares of ExlService by 3.1% during the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider's stock valued at $14,697,000 after purchasing an additional 9,859 shares in the last quarter. MML Investors Services LLC lifted its position in shares of ExlService by 23.2% in the third quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider's stock worth $397,000 after buying an additional 1,959 shares in the last quarter. Finally, Barclays PLC boosted its stake in ExlService by 62.6% during the third quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock valued at $17,040,000 after buying an additional 171,912 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other ExlService news, EVP Anita Mahon sold 10,558 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares of the company's stock, valued at $2,110,779. This represents a 28.31 % 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 worth $2,337,284 over the last quarter. Company insiders own 4.16% of the company's stock.
ExlService Stock Performance
Shares of NASDAQ:EXLS opened at $43.40 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 38.07, a PEG ratio of 2.11 and a beta of 0.91. The firm's 50-day moving average is $46.60 and its 200 day moving average is $45.71.
ExlService (NASDAQ:EXLS - Get Free Report) last released its 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 net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. Research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Stifel Nicolaus increased their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Finally, Needham & Company LLC increased their price target on shares of ExlService from $50.00 to $60.00 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 given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.86.
Check Out Our Latest Stock Analysis on ExlService
ExlService Profile
(
Free Report)
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.
Further Reading
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