Two Sigma Advisers LP Decreases Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Two Sigma Advisers LP cut its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 17.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 857,100 shares of the business services provider's stock after selling 186,600 shares during the quarter. Two Sigma Advisers LP owned 0.53% of ExlService worth $32,698,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in ExlService in the third quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. raised its position in ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock valued at $29,000 after purchasing an additional 574 shares during the last quarter. Huntington National Bank raised its position in ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock valued at $45,000 after purchasing an additional 1,131 shares during the last quarter. GAMMA Investing LLC raised its position in ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock valued at $55,000 after purchasing an additional 391 shares during the last quarter. Finally, UMB Bank n.a. raised its position in ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock valued at $62,000 after purchasing an additional 375 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ExlService

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the firm'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 transaction, the director now owns 14,580 shares in the company, valued at $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 689,645 shares in the company, valued at $32,323,661.15. This represents a 12.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 426,458 shares of company stock valued at $18,720,514. Company insiders own 4.16% of the company's stock.

ExlService Trading Up 0.2 %

NASDAQ EXLS traded up $0.11 during trading hours on Friday, hitting $46.61. 620,100 shares of the company's stock were exchanged, compared to its average volume of 760,825. The stock has a 50-day simple moving average of $42.56 and a 200 day simple moving average of $36.57. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $47.37. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 40.89, a PEG ratio of 2.25 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.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating 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 firm had revenue of $472.07 million during the quarter, compared to analysts' expectations of $460.73 million. During the same quarter last year, the firm posted $0.30 earnings per share. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EXLS has been the subject of several recent research reports. Robert W. Baird increased their price target on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Citigroup increased their price target on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, October 14th. Needham & Company LLC increased their price target on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group raised ExlService from a "hold" rating to a "buy" rating and increased their price target for the company from $35.00 to $42.00 in a research note on Monday, September 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.86.

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.