ExlService Holdings, Inc. (NASDAQ:EXLS) Stake Trimmed by Fmr LLC

FMR LLC decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 15.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,716,375 shares of the business services provider's stock after selling 1,257,803 shares during the period. FMR LLC owned 4.17% of ExlService worth $256,230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService during the third quarter worth $27,000. Whittier Trust Co. of Nevada Inc. grew its holdings in ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock valued at $29,000 after buying an additional 574 shares during the period. Huntington National Bank increased its stake in shares of ExlService by 2,827.5% during the 3rd 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 lifted its holdings in shares of ExlService by 28.7% during 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 during the period. Finally, UMB Bank n.a. increased its position in 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 and hedge funds own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EXLS shares. Citigroup lifted their price target on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Jefferies Financial Group raised ExlService from a "hold" rating to a "buy" rating and lifted their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Needham & Company LLC increased their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.86.

ExlService Stock Performance

EXLS stock traded down $0.31 during midday trading on Monday, reaching $46.05. The company had a trading volume of 270,104 shares, compared to its average volume of 940,940. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $47.37. The firm has a market capitalization of $7.41 billion, a PE ratio of 40.67, a P/E/G ratio of 2.26 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $41.67 and a 200 day moving average price of $36.07.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Tuesday, October 29th. The business services provider reported $0.44 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 firm had revenue of $472.07 million during the quarter, compared to analysts' expectations of $460.73 million. During the same quarter in the prior year, the firm earned $0.30 EPS. ExlService's quarterly revenue was up 14.9% on a year-over-year basis. Analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now directly owns 14,580 shares of the company's stock, valued at $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,458 shares of company stock worth $18,720,514 over the last quarter. 4.16% of the stock is currently owned by company insiders.

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.