William Blair Investment Management LLC Has $228.65 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

William Blair Investment Management LLC trimmed its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,152,040 shares of the business services provider's stock after selling 1,328,655 shares during the quarter. William Blair Investment Management LLC owned 3.20% of ExlService worth $228,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mather Group LLC. bought a new position in shares of ExlService during the 4th quarter worth about $25,000. Kestra Investment Management LLC bought a new position in ExlService during the fourth quarter valued at about $26,000. Huntington National Bank raised its holdings in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock valued at $45,000 after acquiring an additional 1,131 shares in the last quarter. USA Financial Formulas bought a new stake in shares of ExlService in the 4th quarter worth approximately $58,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of ExlService during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,351 shares of company stock worth $2,337,284. Corporate insiders own 4.16% of the company's stock.

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ExlService Trading Down 0.2 %

NASDAQ:EXLS traded down $0.09 on Friday, hitting $46.34. 2,876,151 shares of the stock were exchanged, compared to its average volume of 934,783. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 2.11 and a beta of 1.10. The company's 50-day moving average price is $48.67 and its 200 day moving average price is $44.26. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. On average, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. 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, Needham & Company LLC raised their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.38.

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.