Walleye Capital LLC Has $833,000 Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Walleye Capital LLC cut its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 53.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,769 shares of the business services provider's stock after selling 21,678 shares during the period. Walleye Capital LLC's holdings in ExlService were worth $833,000 as of its most recent SEC filing.

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

ExlService Price Performance

NASDAQ EXLS traded down $0.39 on Friday, reaching $44.43. The company's stock had a trading volume of 1,546,014 shares, compared to its average volume of 996,419. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $46.21 and a 200 day moving average price of $45.88. The firm has a market cap of $7.21 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last posted 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). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EXLS shares. Needham & Company LLC raised their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Jefferies Financial Group raised their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Stifel Nicolaus upped their target price on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, ExlService currently has an average rating of "Moderate Buy" and a consensus target price of $48.86.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anita Mahon sold 10,558 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now owns 94,443 shares of the company's stock, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock worth $2,337,284 over the last ninety days. Corporate insiders own 4.16% of the company's stock.

ExlService Company 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.