ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 68.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the business services provider's stock after selling 215,300 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of ExlService worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased 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 valued at $55,000 after acquiring an additional 391 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in ExlService by 10.0% in the second quarter. Linden Thomas Advisory Services LLC now owns 15,063 shares of the business services provider's stock valued at $472,000 after purchasing an additional 1,373 shares during the last quarter. SG Americas Securities LLC raised its holdings in ExlService by 780.7% during the second quarter. SG Americas Securities LLC now owns 31,318 shares of the business services provider's stock worth $982,000 after purchasing an additional 27,762 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of ExlService by 5.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider's stock worth $223,000 after buying an additional 349 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in shares of ExlService during the 2nd quarter worth approximately $331,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded down $0.23 during trading on Friday, reaching $46.36. The company had a trading volume of 376,991 shares, compared to its average volume of 888,684. ExlService Holdings, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $47.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The stock's fifty day moving average price is $41.67 and its 200 day moving average price is $36.03. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99.

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

Analyst Ratings Changes

EXLS has been the topic of several research analyst reports. StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a research note on Wednesday. Jefferies Financial Group raised ExlService from a "hold" rating to a "buy" rating and boosted their target price for the company from $35.00 to $42.00 in a report on Monday, September 9th. Citigroup upped their target price on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Robert W. Baird lifted their price target on ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC increased their price objective on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.86.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 22,813 shares of the business's stock in a transaction that occurred 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the sale, the chief executive officer now owns 1,290,240 shares in the company, valued at approximately $53,480,448. This represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 426,458 shares of company stock valued at $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.