Edgestream Partners L.P. Has $2.66 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Edgestream Partners L.P. reduced its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 54.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,780 shares of the business services provider's stock after selling 82,044 shares during the period. Edgestream Partners L.P.'s holdings in ExlService were worth $2,662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXLS. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService during the 3rd quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock worth $29,000 after buying an additional 574 shares in the last quarter. Huntington National Bank raised its stake in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock valued at $45,000 after acquiring an additional 1,131 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock worth $55,000 after acquiring an additional 391 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock worth $62,000 after purchasing an additional 375 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EXLS. 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. StockNews.com downgraded ExlService from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Robert W. Baird lifted their target price on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Finally, Jefferies Financial Group upgraded ExlService from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.86.

ExlService Trading Down 0.3 %

NASDAQ EXLS traded down $0.12 on Tuesday, reaching $45.97. The company had a trading volume of 1,195,516 shares, compared to its average volume of 943,916. 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 52 week low of $28.16 and a 52 week high of $47.37. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.24 and a beta of 1.01. The stock's 50 day moving average is $41.85 and its 200-day moving average is $36.18.

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

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 100,000 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the sale, the chief executive officer now directly owns 689,645 shares of the company's stock, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares of the company's stock, valued at approximately $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 426,458 shares of company stock worth $18,720,514. Corporate 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.