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

Fmr LLC cut its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 15.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,716,375 shares of the business services provider’s stock after selling 1,257,803 shares during the period. Fmr LLC’s holdings in ExlService were worth $256,230,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of ExlService during the 3rd quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. raised its stake 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 worth $29,000 after acquiring an additional 574 shares during the period. Huntington National Bank lifted its holdings in ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after purchasing an additional 391 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after purchasing an additional 375 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Down 0.5 %

NASDAQ EXLS opened at $46.36 on Monday. The stock has a 50 day moving average price of $41.67 and a 200-day moving average price of $36.07. ExlService Holdings, Inc. has a one year low of $28.00 and a one year high of $47.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $7.46 billion, a P/E ratio of 40.67, a P/E/G ratio of 2.26 and a beta of 0.99.

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

Insider Buying and Selling at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the company’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. This represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now directly owns 14,580 shares of the company’s stock, valued at approximately $642,249. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock worth $18,720,514 over the last ninety days. Company insiders own 4.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup increased their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Robert W. Baird lifted their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $42.00 in a report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, StockNews.com downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.86.

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.