ExlService Holdings, Inc. (NASDAQ:EXLS) Position Reduced by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 33.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 818,605 shares of the business services provider’s stock after selling 403,042 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in ExlService were worth $31,230,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC boosted its stake in ExlService by 196.8% during the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after acquiring an additional 46,422 shares during the last quarter. Assetmark Inc. raised its holdings in shares of ExlService by 107,991.3% during the third quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock worth $948,000 after purchasing an additional 24,838 shares during the period. Renaissance Technologies LLC raised its holdings in shares of ExlService by 317.0% during the second quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock worth $8,003,000 after purchasing an additional 194,000 shares during the period. Point72 DIFC Ltd raised its holdings in shares of ExlService by 681.5% during the second quarter. Point72 DIFC Ltd now owns 21,960 shares of the business services provider’s stock worth $689,000 after purchasing an additional 19,150 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in shares of 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 period. 92.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the transaction, the insider now owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the transaction, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 461,458 shares of company stock valued at $19,986,814. Company insiders own 4.16% of the company’s stock.

ExlService Stock Up 1.2 %

EXLS stock opened at $46.77 on Tuesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a fifty-two week low of $27.95 and a fifty-two week high of $47.32. The firm’s 50-day simple moving average is $40.64 and its 200 day simple moving average is $35.50. The stock has a market cap of $7.52 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99.

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

Analyst Ratings Changes

A number of analysts have weighed in on EXLS shares. Needham & Company LLC increased their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $42.00 in a report on Monday, September 9th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Citigroup increased their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Robert W. Baird increased their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and a consensus 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.