ExodusPoint Capital Management LP Boosts Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

ExodusPoint Capital Management LP increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 34.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,958 shares of the business services provider's stock after acquiring an additional 20,039 shares during the quarter. ExodusPoint Capital Management LP's holdings in ExlService were worth $3,504,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EXLS. Proficio Capital Partners LLC acquired a new stake in ExlService in the fourth quarter valued at approximately $8,682,000. Smith Group Asset Management LLC grew its position in ExlService by 1.9% in 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 period. Oak Ridge Investments LLC increased its stake in ExlService by 3.1% during the 4th 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 raised its holdings in ExlService by 23.2% during 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 during the last quarter. Finally, Barclays PLC lifted its stake in shares of ExlService by 62.6% in 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 in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Remove Ads

Insider Buying and Selling

In other news, EVP Anita Mahon sold 10,558 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by company insiders.

ExlService Stock Performance

Shares of EXLS stock traded up $0.92 during trading on Friday, hitting $44.94. The company's stock had a trading volume of 1,369,818 shares, compared to its average volume of 985,877. 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 market cap of $7.29 billion, a PE ratio of 39.42, a P/E/G ratio of 2.11 and a beta of 0.91. The business has a fifty day moving average of $47.53 and a 200-day moving average of $45.40. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The business had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXLS. Stifel Nicolaus boosted their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Jefferies Financial Group boosted 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. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. Finally, Needham & Company LLC upped their price target on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.86.

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.