ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 51.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,216 shares of the business services provider's stock after selling 42,903 shares during the period. Quantbot Technologies LP's holdings in ExlService were worth $1,829,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EXLS. Algert Global LLC increased its holdings in ExlService by 18.0% in the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider's stock valued at $5,740,000 after purchasing an additional 22,970 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of ExlService in the third quarter worth about $1,543,000. PEAK6 Investments LLC acquired a new stake in shares of ExlService in the third quarter valued at about $484,000. Proficio Capital Partners LLC purchased a new stake in shares of ExlService during the 4th quarter valued at about $8,682,000. Finally, Smith Group Asset Management LLC lifted its position in ExlService by 1.9% during the 4th quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider's stock worth $18,755,000 after acquiring an additional 7,694 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insiders Place Their Bets

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction dated Monday, February 10th. The stock was 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 directly owns 40,986 shares in the company, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. Company insiders own 4.16% of the company's stock.

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ExlService Stock Down 0.2 %

NASDAQ:EXLS traded down $0.11 during mid-day trading on Thursday, reaching $47.07. The stock had a trading volume of 652,026 shares, compared to its average volume of 937,188. 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 company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The stock's 50 day simple moving average is $48.74 and its two-hundred day simple moving average is $44.62.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million during 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%. Equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on EXLS shares. Jefferies Financial Group increased their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Needham & Company LLC lifted their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus boosted their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $47.38.

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.