NFJ Investment Group LLC Sells 24,130 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

NFJ Investment Group LLC reduced its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,613 shares of the business services provider's stock after selling 24,130 shares during the quarter. NFJ Investment Group LLC owned about 0.13% of ExlService worth $8,149,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Mackenzie Financial Corp grew its position in shares of ExlService by 3.2% during the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider's stock worth $238,869,000 after buying an additional 233,108 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of ExlService by 46.5% during the 2nd quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider's stock valued at $159,871,000 after purchasing an additional 1,618,003 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of ExlService by 1.9% during the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider's stock valued at $179,092,000 after purchasing an additional 87,592 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of ExlService by 1.2% during the 2nd quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider's stock valued at $117,936,000 after purchasing an additional 46,302 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of ExlService by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider's stock valued at $108,756,000 after purchasing an additional 88,759 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Up 0.4 %

Shares of ExlService stock traded up $0.18 on Wednesday, reaching $46.15. 318,413 shares of the company were exchanged, compared to its average volume of 941,175. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $47.37. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.24 and a beta of 1.01. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $42.03 and a 200 day moving average of $36.28.

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, topping analysts' consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million for the quarter, compared to analysts' expectations of $460.73 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business's revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction 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 directly owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was 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 in the company, valued at approximately $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by insiders.

Analysts Set New Price Targets

EXLS has been the topic of several recent analyst reports. Citigroup lifted their price objective on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. StockNews.com cut ExlService from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Jefferies Financial Group upgraded 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 research note on Monday, September 9th. Finally, Robert W. Baird boosted 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $42.86.

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.