Voya Investment Management LLC Sells 143,442 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Voya Investment Management LLC trimmed its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,398,142 shares of the business services provider's stock after selling 143,442 shares during the quarter. Voya Investment Management LLC owned 0.87% of ExlService worth $62,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of ExlService by 62.6% in the 3rd 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. Sanctuary Advisors LLC lifted its stake in ExlService by 5.4% during the third quarter. Sanctuary Advisors LLC now owns 10,744 shares of the business services provider's stock worth $410,000 after purchasing an additional 547 shares during the period. Tidal Investments LLC bought a new position in ExlService during the third quarter worth about $216,000. Franklin Resources Inc. boosted its holdings in ExlService by 4.2% during the third quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider's stock valued at $3,953,000 after purchasing an additional 4,029 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of ExlService by 24.9% in the 4th quarter. GAMMA Investing LLC now owns 2,911 shares of the business services provider's stock valued at $129,000 after purchasing an additional 580 shares during the period. 92.92% of the stock is owned by institutional investors.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 4,989 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total transaction of $252,942.30. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company's stock, valued at $2,077,990.20. This represents a 10.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the firm's 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 sale, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,598 shares of company stock worth $1,661,461. 4.16% of the stock is owned by company insiders.

ExlService Trading Up 0.1 %

EXLS stock traded up $0.03 during midday trading on Monday, reaching $44.46. The stock had a trading volume of 2,099,763 shares, compared to its average volume of 1,000,832. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 2.11 and a beta of 0.91. 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 Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The business has a fifty day simple moving average of $46.07 and a two-hundred day simple moving average of $45.92.

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 for the quarter, missing the consensus estimate of $0.42 by ($0.08). The business 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%. As a group, research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on EXLS shares. Needham & Company LLC boosted 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. StockNews.com cut shares of ExlService from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus lifted their target price on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.