ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Position Decreased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lessened its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 97.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 907 shares of the business services provider's stock after selling 34,541 shares during the quarter. Point72 Hong Kong Ltd's holdings in ExlService were worth $35,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in 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 in the last quarter. Linden Thomas Advisory Services LLC raised its position in ExlService by 10.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 15,063 shares of the business services provider's stock worth $472,000 after buying an additional 1,373 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of ExlService by 780.7% in the 2nd quarter. SG Americas Securities LLC now owns 31,318 shares of the business services provider's stock worth $982,000 after acquiring an additional 27,762 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of ExlService by 5.2% in the second quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider's stock valued at $223,000 after acquiring an additional 349 shares in the last quarter. Finally, AlphaMark Advisors LLC purchased a new position in ExlService during the second quarter worth about $331,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 100,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the completion of the sale, the chief executive officer now owns 689,645 shares of the company's stock, valued at $32,323,661.15. This represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now directly owns 14,580 shares in the company, valued at approximately $642,249. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock valued at $18,720,514 in the last quarter. Insiders own 4.16% of the company's stock.

ExlService Trading Up 0.6 %

Shares of EXLS stock traded up $0.28 on Wednesday, reaching $46.25. 633,372 shares of the stock were exchanged, compared to its average volume of 942,589. 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 Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $47.37. The stock has a market cap of $7.44 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.24 and a beta of 1.01. The firm has a 50 day moving average of $42.03 and a two-hundred day moving average of $36.28.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The firm had revenue of $472.07 million during the quarter, compared to analysts' expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. ExlService's quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. On average, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on EXLS. JPMorgan Chase & Co. raised their price target on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Citigroup raised their target price on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Needham & Company LLC raised their price target on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Two investment 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, the stock currently has an average 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.