Point72 Hong Kong Ltd Lowers Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Point72 Hong Kong Ltd lessened its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 10.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 35,448 shares of the business services provider’s stock after selling 4,333 shares during the quarter. Point72 Hong Kong Ltd’s holdings in ExlService were worth $1,112,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in EXLS. Vanguard Group Inc. grew its stake in ExlService by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after acquiring an additional 160,723 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after acquiring an additional 1,618,003 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in shares of ExlService by 8.7% in the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after purchasing an additional 365,776 shares during the period. Boston Trust Walden Corp grew its stake in ExlService by 1.2% in the second quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock worth $117,936,000 after purchasing an additional 46,302 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in ExlService by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock worth $108,756,000 after purchasing an additional 88,759 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EXLS shares. JPMorgan Chase & Co. upped their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Citigroup lifted their price objective on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, July 12th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of ExlService in a research report on Friday, August 2nd. Finally, Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.67.

ExlService Price Performance

Shares of EXLS opened at $37.13 on Thursday. The business’s 50-day moving average is $35.39 and its two-hundred day moving average is $32.22. The company has a market capitalization of $5.99 billion, a P/E ratio of 34.32, a P/E/G ratio of 1.94 and a beta of 1.00. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $37.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The firm had revenue of $448.40 million for the quarter, compared to analyst estimates of $444.61 million. During the same period last year, the company earned $0.31 earnings per share. ExlService’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts predict that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

Insider Activity

In related news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Vivek Jetley sold 2,015 shares of ExlService stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $35.75, for a total value of $72,036.25. Following the completion of the transaction, the insider now owns 326,642 shares in the company, valued at approximately $11,677,451.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the transaction, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. The disclosure for this sale can be found here. Insiders sold a total of 163,625 shares of company stock valued at $5,685,581 in the last three months. 3.75% of the stock is currently owned by corporate insiders.

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.