ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 59.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,638 shares of the business services provider's stock after selling 41,377 shares during the period. AlphaQuest LLC's holdings in ExlService were worth $1,271,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of ExlService in the 4th quarter worth $25,000. Kestra Investment Management LLC acquired a new stake in ExlService during the fourth quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in ExlService during the third quarter worth about $27,000. Huntington National Bank raised its stake in ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock worth $45,000 after purchasing an additional 1,131 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new position in ExlService in the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Insiders Place Their Bets

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the company's 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 sale, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 1,865 shares of ExlService stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 36,793 shares of company stock worth $1,852,461 in the last ninety days. 4.16% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXLS. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Stifel Nicolaus raised their target price on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Needham & Company LLC upped their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group increased their price target on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.38.

ExlService Trading Down 1.5 %

Shares of NASDAQ EXLS traded down $0.71 during trading on Thursday, reaching $45.41. The stock had a trading volume of 1,030,594 shares, compared to its average volume of 1,103,484. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market cap of $7.37 billion, a P/E ratio of 39.83, a PEG ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The business's 50-day moving average price is $48.46 and its 200-day moving average price is $43.89.

ExlService (NASDAQ:EXLS - Get Free Report) last released its 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). The firm had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. On average, equities research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.