Bank of New York Mellon Corp Lowers Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Bank of New York Mellon Corp trimmed its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,277,103 shares of the business services provider's stock after selling 30,668 shares during the quarter. Bank of New York Mellon Corp owned 0.79% of ExlService worth $56,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. Chartwell Investment Partners LLC boosted its stake in shares of ExlService by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock worth $1,196,000 after buying an additional 254 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after buying an additional 288 shares during the last quarter. Dakota Wealth Management boosted its stake in shares of ExlService by 5.0% in the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after buying an additional 311 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of ExlService by 2.3% in the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after buying an additional 359 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its stake in shares of ExlService by 0.8% in the third quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider's stock worth $1,906,000 after buying an additional 405 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at ExlService

In related news, EVP Ajay Ayyappan sold 1,865 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $1,980,443.52. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction that occurred on 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 directly owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,793 shares of company stock valued at $1,852,461 over the last quarter. 4.16% of the stock is currently owned by insiders.

ExlService Price Performance

Shares of ExlService stock traded up $0.82 during mid-day trading on Friday, reaching $47.58. 976,671 shares of the stock traded hands, compared to its average volume of 1,105,602. The business has a 50-day moving average of $48.36 and a 200 day moving average of $43.62. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The stock has a market capitalization of $7.72 billion, a PE ratio of 41.74, a PEG ratio of 2.11 and a beta of 1.03. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS 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 firm had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

EXLS has been the topic of a number of recent research reports. Needham & Company LLC upped their target price on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus upped their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group upped 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. Finally, StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $47.38.

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.