Wellington Management Group LLP Has $88.65 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Wellington Management Group LLP lessened its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,323,797 shares of the business services provider's stock after selling 91,439 shares during the period. Wellington Management Group LLP owned approximately 1.44% of ExlService worth $88,653,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Chartwell Investment Partners LLC increased its stake 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 purchasing an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of ExlService by 1.1% during the third 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 raised its holdings in shares of ExlService by 3.4% during the second 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 during the period. V Square Quantitative Management LLC lifted its position in ExlService by 5.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider's stock valued at $223,000 after acquiring an additional 349 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after buying an additional 359 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EXLS. Jefferies Financial Group upgraded shares of ExlService from a "hold" rating to a "buy" rating and lifted their price objective for the company from $35.00 to $42.00 in a report on Monday, September 9th. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Robert W. Baird raised their price objective on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Finally, Citigroup upped their target price on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Monday, October 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, ExlService has an average rating of "Moderate Buy" and a consensus price target of $42.86.

ExlService Stock Performance

EXLS traded up $0.14 during trading hours on Wednesday, reaching $46.43. The company's stock had a trading volume of 691,724 shares, compared to its average volume of 936,714. The company's 50-day moving average is $42.88 and its 200-day moving average is $36.82. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $47.37. The firm has a market cap of $7.47 billion, a PE ratio of 40.61, a price-to-earnings-growth ratio of 2.27 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period last year, the business posted $0.30 earnings per share. The business'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 year.

Insider Activity

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the transaction, the insider now directly owns 102,825 shares of the company's stock, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the sale, the chief executive officer now owns 1,190,240 shares in the company, valued at $50,073,396.80. This represents a 7.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 426,458 shares of company stock worth $18,720,514. 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.