ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Position Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 3.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 426,592 shares of the business services provider's stock after selling 14,801 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of ExlService worth $16,274,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of EXLS. Chartwell Investment Partners LLC lifted its position in ExlService by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock worth $1,196,000 after acquiring an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in ExlService by 1.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider's stock worth $944,000 after acquiring an additional 261 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in ExlService by 3.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider's stock worth $279,000 after acquiring an additional 291 shares in the last quarter. V Square Quantitative Management LLC lifted its position in ExlService by 5.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider's stock worth $223,000 after acquiring an additional 349 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider's stock worth $62,000 after acquiring an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Activity

In other news, CEO Rohit Kapoor sold 100,000 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the completion of the transaction, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This represents a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

ExlService Stock Up 0.2 %

Shares of EXLS traded up $0.11 during trading on Friday, reaching $46.61. The company's stock had a trading volume of 620,100 shares, compared to its average volume of 760,825. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $47.37. 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 has a market cap of $7.50 billion, a price-to-earnings ratio of 40.89, a P/E/G ratio of 2.25 and a beta of 1.01. The company has a fifty day moving average of $42.56 and a two-hundred day moving average of $36.57.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share 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 business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the previous year, the business earned $0.30 EPS. The business's quarterly revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal 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.