Healthcare of Ontario Pension Plan Trust Fund Decreases Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Healthcare of Ontario Pension Plan Trust Fund cut its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 24.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 315,300 shares of the business services provider’s stock after selling 102,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.19% of ExlService worth $9,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its stake in ExlService by 7.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,649 shares of the business services provider’s stock valued at $502,000 after acquiring an additional 1,203 shares during the last quarter. Parallel Advisors LLC boosted its stake in ExlService by 44.6% during the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 366 shares during the last quarter. First National Bank of Omaha boosted its stake in ExlService by 13.2% during the 4th quarter. First National Bank of Omaha now owns 74,014 shares of the business services provider’s stock valued at $2,283,000 after acquiring an additional 8,630 shares during the last quarter. Connectus Wealth LLC boosted its stake in ExlService by 25.5% during the 4th quarter. Connectus Wealth LLC now owns 79,386 shares of the business services provider’s stock valued at $2,449,000 after acquiring an additional 16,147 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC bought a new position in ExlService during the 4th quarter valued at $20,936,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on EXLS. Citigroup increased their price objective on shares of 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. raised 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 restated a “buy” rating and issued a $40.00 price target 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 raised their target price for the company from $35.00 to $42.00 in a research note on Monday, September 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

ExlService Stock Performance

Shares of EXLS opened at $38.77 on Friday. The firm’s 50 day moving average is $35.96 and its 200-day moving average is $32.57. The stock has a market capitalization of $6.50 billion, a P/E ratio of 35.90, a P/E/G ratio of 1.94 and a beta of 1.00. 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 Holdings, Inc. has a 12-month low of $25.17 and a 12-month high of $39.51.

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

Insider Buying and Selling

In related news, insider Vivek Jetley sold 6,000 shares of the firm’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 completion of the sale, the insider now directly owns 328,657 shares in the company, valued at approximately $10,763,516.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Narasimha Kini sold 8,435 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $33.00, for a total transaction of $278,355.00. Following the transaction, the executive vice president now owns 179,038 shares of the company’s stock, valued at approximately $5,908,254. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were 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 approximately $10,763,516.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 163,625 shares of company stock worth $5,685,581. 3.75% of the stock is owned by company insiders.

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.