Charles Schwab Investment Management Inc. Reduces Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Charles Schwab Investment Management Inc. cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,151,983 shares of the business services provider's stock after selling 9,170 shares during the period. Charles Schwab Investment Management Inc. owned about 1.34% of ExlService worth $95,505,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC grew its stake in shares of ExlService by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock worth $1,196,000 after acquiring an additional 254 shares in the last quarter. UMB Bank n.a. boosted its holdings in ExlService by 17.6% in the fourth 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 grew its stake in ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after purchasing an additional 311 shares in the last quarter. Quantinno Capital Management LP increased its holdings in ExlService by 2.3% during the 3rd quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after purchasing an additional 359 shares during the period. Finally, Pathstone Holdings LLC raised its position in ExlService by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider's stock valued at $1,906,000 after purchasing an additional 405 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Needham & Company LLC boosted their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus raised their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $47.38.

ExlService Stock Down 1.6 %

NASDAQ:EXLS traded down $0.76 during midday trading on Thursday, hitting $45.37. 665,640 shares of the company were exchanged, compared to its average volume of 1,091,772. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The company has a market capitalization of $7.36 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. 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 simple moving average of $48.46 and a 200 day simple moving average of $43.89.

ExlService (NASDAQ:EXLS - Get Free Report) last posted 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). The firm had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 4,989 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total transaction of $252,942.30. Following the sale, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $2,077,990.20. The trade was a 10.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 36,793 shares of company stock valued at $1,852,461 over the last quarter. Company insiders own 4.16% of the company's stock.

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.