ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Holdings Lowered by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 58.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,913 shares of the business services provider's stock after selling 134,497 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of ExlService worth $4,257,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EXLS. Ameriprise Financial Inc. lifted its position in shares of ExlService by 17.4% in the fourth quarter. Ameriprise Financial Inc. now owns 390,158 shares of the business services provider's stock valued at $17,315,000 after acquiring an additional 57,706 shares in the last quarter. Algert Global LLC boosted its stake in shares of ExlService by 134.5% during the 4th quarter. Algert Global LLC now owns 352,845 shares of the business services provider's stock worth $15,659,000 after purchasing an additional 202,385 shares during the last quarter. AXA S.A. grew its holdings in shares of ExlService by 1.3% during the fourth quarter. AXA S.A. now owns 186,579 shares of the business services provider's stock worth $8,280,000 after buying an additional 2,458 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of ExlService by 1,666.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 175,669 shares of the business services provider's stock valued at $7,796,000 after buying an additional 165,722 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of ExlService by 37.8% during the fourth quarter. AQR Capital Management LLC now owns 229,136 shares of the business services provider's stock valued at $10,155,000 after buying an additional 62,809 shares during the period. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 25,000 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the transaction, the insider now directly owns 135,046 shares in the company, valued at $6,226,971.06. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ajay Ayyappan sold 1,865 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $48.32, for a total transaction of $90,116.80. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $1,980,443.52. This trade represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,992 shares of company stock valued at $2,673,620. Insiders own 4.04% of the company's stock.

Wall Street Analyst Weigh In

EXLS has been the subject of several research analyst reports. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Jefferies Financial Group upped their price objective on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Stifel Nicolaus lifted their target price 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 upped their price target on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.33.

ExlService Stock Up 0.2%

EXLS traded up $0.09 during trading hours on Tuesday, reaching $46.38. 63,643 shares of the stock traded hands, compared to its average volume of 1,033,425. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 2.11 and a beta of 0.86. 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 fifty day simple moving average is $45.66 and its two-hundred day simple moving average is $46.58.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.