Fmr LLC Sells 1,257,803 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Fmr LLC reduced its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 15.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,716,375 shares of the business services provider’s stock after selling 1,257,803 shares during the quarter. Fmr LLC owned approximately 4.17% of ExlService worth $256,230,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EXLS. Ashton Thomas Securities LLC purchased a new position in shares of ExlService during the third quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. boosted its position in ExlService by 164.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 574 shares in the last quarter. Huntington National Bank raised its position in shares of ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,131 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 391 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 375 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Activity

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now owns 14,580 shares of the company’s stock, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the sale, the insider now owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock valued at $18,720,514 over the last three months. Insiders own 4.16% of the company’s stock.

ExlService Stock Performance

EXLS stock opened at $46.36 on Monday. The stock has a market capitalization of $7.46 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. The stock’s 50 day simple moving average is $41.67 and its 200 day simple moving average is $36.07. ExlService Holdings, Inc. has a 12-month low of $28.00 and a 12-month high of $47.37. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. ExlService’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on EXLS. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $42.00 in a research report on Monday, September 9th. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Citigroup raised their target price on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Needham & Company LLC boosted their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird raised their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and an average price target of $42.86.

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.