JPMorgan Chase & Co. Sells 19,729 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

JPMorgan Chase & Co. reduced its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,761,466 shares of the business services provider's stock after selling 19,729 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.96% of ExlService worth $211,314,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its holdings in shares of ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after buying an additional 1,664,400 shares during the last quarter. Raymond James Financial Inc. bought a new position in ExlService during the fourth quarter valued at approximately $52,852,000. American Century Companies Inc. lifted its stake in ExlService by 204.2% in the fourth quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider's stock valued at $27,055,000 after acquiring an additional 409,242 shares during the last quarter. Vanguard Group Inc. grew its position in ExlService by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock worth $699,925,000 after acquiring an additional 215,485 shares in the last quarter. Finally, Tredje AP fonden acquired a new position in shares of ExlService during the 4th quarter worth $9,320,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXLS has been the subject of several analyst reports. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Jefferies Financial Group boosted their price target on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Needham & Company LLC increased their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus boosted their target price on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $48.86.

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Insiders Place Their Bets

In related news, EVP Ajay Ayyappan sold 16,186 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock worth $2,337,284 in the last ninety days. Insiders own 4.16% of the company's stock.

ExlService Stock Performance

Shares of NASDAQ EXLS traded down $3.22 during trading hours on Friday, hitting $42.86. 2,021,148 shares of the company's stock were exchanged, compared to its average volume of 980,212. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 2.11 and a beta of 0.91. The company's 50-day moving average price is $48.48 and its 200-day moving average price is $45.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a 1-year low of $28.59 and a 1-year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The business had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

ExlService 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.