ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC cut its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,986 shares of the business services provider's stock after selling 14,461 shares during the quarter. ExlService comprises approximately 0.7% of Mcmorgan & Co. LLC's investment portfolio, making the stock its 19th biggest holding. Mcmorgan & Co. LLC owned 0.06% of ExlService worth $4,526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXLS. FMR LLC raised its holdings in shares of ExlService by 39.4% during the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock worth $415,588,000 after purchasing an additional 2,647,937 shares during the last quarter. Norges Bank acquired a new stake in ExlService during the 4th quarter worth about $106,452,000. Handelsbanken Fonder AB raised its stake in shares of ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after buying an additional 1,664,400 shares during the last quarter. Raymond James Financial Inc. purchased a new position in ExlService during the fourth quarter valued at approximately $52,852,000. Finally, Axiom Investors LLC DE purchased a new position in shares of ExlService during the 4th quarter valued at approximately $20,419,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

ExlService Price Performance

EXLS stock traded down $0.22 during mid-day trading on Friday, reaching $44.60. The company's stock had a trading volume of 510,485 shares, compared to its average volume of 992,036. 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's 50 day moving average is $46.34 and its two-hundred day moving average is $45.75. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. The stock has a market cap of $7.24 billion, a PE ratio of 39.15, a P/E/G ratio of 2.11 and a beta of 0.91.

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 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 company had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. Equities research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXLS. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. StockNews.com cut shares of ExlService from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Needham & Company LLC raised their price target on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Stifel Nicolaus lifted their price objective on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.86.

Insider Activity

In other news, EVP Ajay Ayyappan sold 1,865 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 40,986 shares of the company's stock, valued at $1,980,443.52. This represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares of the company's stock, 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 sold a total of 47,351 shares of company stock valued at $2,337,284 in the last 90 days. 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.