Arrowstreet Capital Limited Partnership Trims Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Arrowstreet Capital Limited Partnership cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 75.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,955 shares of the business services provider's stock after selling 32,928 shares during the period. Arrowstreet Capital Limited Partnership's holdings in ExlService were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of ExlService by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock worth $699,925,000 after buying an additional 215,485 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider's stock valued at $165,083,000 after purchasing an additional 149,856 shares in the last quarter. Norges Bank acquired a new position in shares of ExlService in the 4th quarter valued at $106,452,000. Handelsbanken Fonder AB boosted its holdings in ExlService by 313.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after buying an additional 1,664,400 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in ExlService during the fourth quarter valued at $52,852,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Price Performance

NASDAQ EXLS traded down $0.30 during mid-day trading on Thursday, hitting $45.18. The stock had a trading volume of 242,818 shares, compared to its average volume of 979,361. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm's 50 day moving average is $47.17 and its 200 day moving average is $45.51. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million during the quarter, compared to analysts' expectations of $475.68 million. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EXLS shares. StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a research note on Monday. Stifel Nicolaus raised their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC boosted their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.86.

Insider Activity

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the business's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now directly owns 94,443 shares of the company's stock, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock worth $2,337,284 over the last ninety days. Corporate insiders own 4.16% of the company's stock.

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.