Axa S.A. Decreases Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Axa S.A. lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,121 shares of the business services provider’s stock after selling 15,154 shares during the period. Axa S.A. owned approximately 0.11% of ExlService worth $5,774,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its position in ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after purchasing an additional 574 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of ExlService during the 1st quarter worth $30,000. Parallel Advisors LLC boosted its holdings in shares of ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after buying an additional 366 shares during the last quarter. Grayhawk Investment Strategies Inc. bought a new position in ExlService during the fourth quarter valued at about $42,000. Finally, Fidelis Capital Partners LLC purchased a new stake in ExlService during the first quarter worth about $43,000. 92.92% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Vivek Jetley sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $32.75, for a total transaction of $196,500.00. Following the sale, the insider now owns 328,657 shares of the company’s stock, valued at approximately $10,763,516.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vivek Jetley sold 6,000 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $32.75, for a total value of $196,500.00. Following the completion of the transaction, the insider now owns 328,657 shares in the company, valued at $10,763,516.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,625 shares of company stock worth $5,685,581. 3.75% of the stock is owned by company insiders.

ExlService Stock Down 0.3 %

ExlService stock opened at $37.92 on Friday. The firm has a 50 day simple moving average of $35.54 and a 200 day simple moving average of $32.31. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $38.72. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 1.94 and a beta of 1.00.

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

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, August 2nd. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Citigroup increased 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. Finally, JPMorgan Chase & Co. boosted their target price on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

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.