ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Holdings Lessened by West Tower Group LLC

West Tower Group LLC reduced its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,500 shares of the business services provider's stock after selling 6,500 shares during the quarter. ExlService comprises about 2.4% of West Tower Group LLC's portfolio, making the stock its 10th biggest position. West Tower Group LLC's holdings in ExlService were worth $1,087,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EXLS. Xponance Inc. raised its holdings in shares of ExlService by 8.5% in the 4th quarter. Xponance Inc. now owns 23,360 shares of the business services provider's stock worth $1,037,000 after acquiring an additional 1,835 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of ExlService by 95.2% in the fourth quarter. Intech Investment Management LLC now owns 61,107 shares of the business services provider's stock worth $2,712,000 after purchasing an additional 29,803 shares during the last quarter. Kensington Investment Counsel LLC lifted its holdings in shares of ExlService by 0.7% in the fourth 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 in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of ExlService during the fourth quarter valued at approximately $244,000. Finally, Cibc World Markets Corp bought a new stake in shares of ExlService in the 4th quarter worth $653,000. Institutional investors and hedge funds own 92.92% of the company's stock.

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Analyst Upgrades and Downgrades

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

ExlService Price Performance

Shares of ExlService stock traded down $0.09 during trading on Friday, hitting $46.34. The stock had a trading volume of 2,876,151 shares, compared to its average volume of 935,792. 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 $28.16 and a 12 month high of $52.43. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 2.11 and a beta of 1.10. The business's 50-day moving average is $48.69 and its 200 day moving average is $44.38.

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 net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million during the quarter, compared to analysts' expectations of $475.68 million. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company's stock, valued at $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the 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 owns 94,443 shares in the company, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock valued at $2,337,284 in the last quarter. Corporate insiders own 4.16% of the company's stock.

ExlService 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.