Wellington Management Group LLP Decreases Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Wellington Management Group LLP lessened its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,050,157 shares of the business services provider's stock after selling 273,640 shares during the quarter. Wellington Management Group LLP owned about 1.27% of ExlService worth $90,986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantinno Capital Management LP boosted its holdings in ExlService by 2.3% in the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock valued at $597,000 after acquiring an additional 359 shares during the last quarter. Stifel Financial Corp increased its position in shares of ExlService by 38.1% during the 3rd quarter. Stifel Financial Corp now owns 81,359 shares of the business services provider's stock valued at $3,104,000 after purchasing an additional 22,435 shares during the last quarter. State Street Corp increased its position in shares of ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider's stock valued at $222,693,000 after purchasing an additional 59,196 shares during the last quarter. Wolverine Trading LLC bought a new position in shares of ExlService during the 3rd quarter worth $327,000. Finally, Castleark Management LLC bought a new position in shares of ExlService during the 3rd quarter worth $6,045,000. Institutional investors and hedge funds own 92.92% of the company's stock.

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ExlService Stock Performance

ExlService stock traded down $1.65 during trading hours on Thursday, hitting $43.32. 117,900 shares of the stock traded hands, compared to its average volume of 982,115. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm's 50 day moving average price is $47.79 and its 200-day moving average price is $45.30. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43.

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 analysts' consensus estimates of $0.42 by ($0.08). The company had revenue of $481.43 million during the quarter, compared to analysts' expectations of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, equities analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 4,989 shares of ExlService stock in a transaction dated Wednesday, February 19th. The stock was 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,351 shares of company stock worth $2,337,284. Company insiders own 4.16% of the company's stock.

Analyst Ratings Changes

EXLS has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Stifel Nicolaus upped their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC increased their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, ExlService has an average rating of "Moderate Buy" and a consensus price target of $48.86.

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.