ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 28.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 436,885 shares of the business services provider's stock after selling 172,402 shares during the quarter. Principal Financial Group Inc. owned 0.27% of ExlService worth $16,667,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EXLS. Chartwell Investment Partners LLC raised its position in ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock valued at $1,196,000 after purchasing an additional 254 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider's stock valued at $944,000 after buying an additional 261 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in ExlService by 3.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider's stock worth $279,000 after buying an additional 291 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in ExlService by 5.0% during the third quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider's stock worth $285,000 after buying an additional 359 shares during the period. Finally, Quantinno Capital Management LP increased its position in ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock valued at $597,000 after acquiring an additional 359 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Insider Activity at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the transaction, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This represents a 7.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction on Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now owns 102,825 shares of the company's stock, valued at $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock valued at $18,720,514 in the last three months. 4.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Needham & Company LLC lifted their price objective on shares of ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a "hold" rating to a "buy" rating and boosted their price objective for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Robert W. Baird raised their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.86.

ExlService Stock Down 1.9 %

Shares of EXLS stock traded down $0.86 during trading hours on Friday, reaching $44.53. 487,926 shares of the company's stock were exchanged, compared to its average volume of 930,275. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $47.37. The stock's 50 day moving average is $44.43 and its 200-day moving average is $38.14. 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 $7.16 billion, a price-to-earnings ratio of 39.06, a P/E/G ratio of 2.26 and a beta of 1.01.

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

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.