ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 66.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,974 shares of the business services provider's stock after selling 273,996 shares during the period. Jane Street Group LLC owned about 0.09% of ExlService worth $5,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXLS. William Blair Investment Management LLC raised its position in shares of ExlService by 46.5% in the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider's stock worth $159,871,000 after acquiring an additional 1,618,003 shares during the period. Fiera Capital Corp raised its position in shares of ExlService by 497.8% in the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider's stock worth $30,549,000 after acquiring an additional 666,805 shares during the period. Handelsbanken Fonder AB raised its position in shares of ExlService by 1,216.2% in the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider's stock worth $20,231,000 after acquiring an additional 490,000 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of ExlService in the third quarter worth about $17,198,000. Finally, Mackenzie Financial Corp increased its stake in shares of ExlService by 3.2% during the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider's stock worth $238,869,000 after purchasing an additional 233,108 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Down 1.1 %

Shares of NASDAQ EXLS traded down $0.51 during mid-day trading on Tuesday, reaching $45.59. The company had a trading volume of 672,518 shares, compared to its average volume of 930,442. 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 firm has a 50 day simple moving average of $43.48 and a two-hundred day simple moving average of $37.27. The stock has a market cap of $7.33 billion, a P/E ratio of 40.00, a PEG ratio of 2.26 and a beta of 1.01. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $47.37.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. During the same period last year, the firm posted $0.30 EPS. ExlService's revenue for the quarter was up 14.9% on a year-over-year basis. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Citigroup upped their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Finally, Robert W. Baird increased their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, ExlService presently has a consensus rating of "Moderate Buy" and an average target price of $42.86.

Insider Transactions at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the sale, the director now owns 14,580 shares in the company, valued at $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 100,000 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the sale, the chief executive officer now owns 1,290,240 shares of the company's stock, valued at $53,480,448. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 426,458 shares of company stock worth $18,720,514. Company insiders own 4.16% of the company's stock.

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.