ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Fmr LLC

FMR LLC increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 39.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,364,312 shares of the business services provider's stock after buying an additional 2,647,937 shares during the period. FMR LLC owned 5.82% of ExlService worth $415,588,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 2Xideas AG acquired a new position in ExlService during the fourth quarter worth $14,312,000. Aristides Capital LLC raised its position in shares of ExlService by 14.9% during the 4th quarter. Aristides Capital LLC now owns 7,125 shares of the business services provider's stock worth $316,000 after purchasing an additional 923 shares during the last quarter. Thames Capital Management LLC lifted its stake in ExlService by 125.9% in the 4th quarter. Thames Capital Management LLC now owns 143,812 shares of the business services provider's stock valued at $6,382,000 after buying an additional 80,159 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in ExlService by 14.8% in the 4th quarter. Russell Investments Group Ltd. now owns 185,915 shares of the business services provider's stock worth $8,251,000 after buying an additional 23,953 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in ExlService by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 638,017 shares of the business services provider's stock worth $28,315,000 after buying an additional 42,808 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Remove Ads

ExlService Trading Up 1.2 %

ExlService stock traded up $0.53 during mid-day trading on Tuesday, hitting $46.00. The company's stock had a trading volume of 195,385 shares, compared to its average volume of 982,574. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43. The stock's fifty day moving average is $47.41 and its two-hundred day moving average is $45.51. The firm has a market capitalization of $7.47 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. 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 (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share 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 company had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

EXLS has been the subject of several research reports. Stifel Nicolaus boosted their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Needham & Company LLC upped their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group boosted their price target 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. Finally, StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently 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 stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares of the company's stock, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is currently owned by corporate insiders.

About ExlService

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.