Pacer Advisors Inc. Sells 5,830 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Pacer Advisors Inc. reduced its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 19.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,390 shares of the business services provider’s stock after selling 5,830 shares during the quarter. Pacer Advisors Inc.’s holdings in ExlService were worth $765,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EXLS. Canada Pension Plan Investment Board boosted its holdings in ExlService by 46.8% during the second quarter. Canada Pension Plan Investment Board now owns 207,700 shares of the business services provider’s stock worth $6,513,000 after purchasing an additional 66,200 shares during the last quarter. MQS Management LLC bought a new stake in ExlService during the 2nd quarter worth about $235,000. Seven Eight Capital LP acquired a new position in shares of ExlService during the 2nd quarter worth about $363,000. Hsbc Holdings PLC grew its holdings in shares of ExlService by 96.9% in the 2nd quarter. Hsbc Holdings PLC now owns 136,606 shares of the business services provider’s stock valued at $4,304,000 after acquiring an additional 67,243 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in ExlService by 64.5% during the second quarter. Blair William & Co. IL now owns 19,689 shares of the business services provider’s stock worth $617,000 after acquiring an additional 7,718 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Activity at ExlService

In other ExlService news, insider Vivek Jetley sold 6,000 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $32.75, for a total transaction of $196,500.00. Following the transaction, the insider now owns 328,657 shares in the company, valued at approximately $10,763,516.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other ExlService news, EVP Narasimha Kini sold 8,435 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $33.00, for a total value of $278,355.00. Following the completion of the sale, the executive vice president now owns 179,038 shares of the company’s stock, valued at approximately $5,908,254. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vivek Jetley sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $32.75, for a total transaction of $196,500.00. Following the transaction, the insider now directly owns 328,657 shares in the company, valued at $10,763,516.75. The disclosure for this sale can be found here. Insiders sold 163,625 shares of company stock worth $5,685,581 in the last ninety days. 3.75% of the stock is owned by company insiders.

ExlService Price Performance

NASDAQ:EXLS opened at $37.92 on Friday. The company has a market cap of $6.35 billion, a P/E ratio of 35.11, a P/E/G ratio of 1.94 and a beta of 1.00. The firm’s fifty day moving average price is $35.54 and its two-hundred day moving average price is $32.31. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $38.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45.

ExlService (NASDAQ:EXLS) last released 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. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $444.61 million. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue was up 10.7% on a year-over-year basis. Equities analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

Analysts Set New Price Targets

EXLS has been the subject of a number of analyst reports. Citigroup raised their price target on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. upped their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research report on Friday, August 2nd. Finally, Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $42.00 in a report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.67.

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.