NFJ Investment Group LLC Sells 16,532 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

NFJ Investment Group LLC lessened its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 197,081 shares of the business services provider's stock after selling 16,532 shares during the quarter. NFJ Investment Group LLC owned about 0.12% of ExlService worth $8,746,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EXLS. Vanguard Group Inc. lifted its stake in shares of ExlService by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock worth $699,925,000 after purchasing an additional 215,485 shares during the period. FMR LLC lifted its stake in shares of ExlService by 39.4% during the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock worth $415,588,000 after purchasing an additional 2,647,937 shares in the last quarter. Norges Bank acquired a new stake in shares of ExlService in the fourth quarter valued at about $106,452,000. Handelsbanken Fonder AB lifted its position in ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after acquiring an additional 1,664,400 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in ExlService in the fourth quarter valued at approximately $52,852,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade 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 over the last three months. Company insiders own 4.16% of the company's stock.

ExlService Stock Performance

NASDAQ EXLS traded down $1.25 during trading on Monday, hitting $43.64. The company's stock had a trading volume of 399,811 shares, compared to its average volume of 979,219. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. The firm has a market cap of $7.08 billion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The firm has a 50 day moving average price of $46.92 and a 200 day moving average price of $45.70. 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 (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXLS. Jefferies Financial Group raised their price target on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. StockNews.com cut ExlService from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC lifted their target price on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and an average price target of $48.86.

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.