Quantbot Technologies LP Has $1.83 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of ExlService in the fourth quarter valued at $25,000. Kestra Investment Management LLC bought a new position in shares of ExlService in the 4th quarter valued at about $26,000. USA Financial Formulas bought a new position in shares of ExlService in the 4th quarter valued at about $58,000. VisionPoint Advisory Group LLC acquired a new position in shares of ExlService during the 4th quarter worth about $58,000. Finally, UMB Bank n.a. lifted its stake in ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after purchasing an additional 288 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Insider Activity

In other ExlService news, EVP Ajay Ayyappan sold 4,989 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,077,990.20. This trade represents a 10.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business's 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 directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,351 shares of company stock worth $2,337,284. Insiders own 4.16% of the company's stock.

ExlService Price Performance

Shares of NASDAQ:EXLS traded down $0.02 during trading on Wednesday, reaching $47.18. 624,123 shares of the company traded hands, compared to its average volume of 938,295. The firm has a market capitalization of $7.66 billion, a PE ratio of 41.39, a PEG ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $52.43. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $48.74 and its two-hundred day 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 net margin of 10.61% and a return on equity of 23.23%. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.