BNP Paribas Financial Markets Cuts Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in ExlService during the fourth quarter worth about $25,000. Kestra Investment Management LLC acquired a new stake in shares of ExlService during the fourth quarter valued at about $26,000. USA Financial Formulas acquired a new stake in shares of ExlService during the fourth quarter valued at about $58,000. VisionPoint Advisory Group LLC acquired a new stake in shares of ExlService during the fourth quarter valued at about $58,000. Finally, UMB Bank n.a. increased its position in shares of ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after acquiring an additional 288 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXLS has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Jefferies Financial Group lifted their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Needham & Company LLC boosted their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Stifel Nicolaus upped their price target on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.33.

ExlService Stock Performance

EXLS traded down $0.12 during trading on Friday, hitting $46.07. The stock had a trading volume of 1,403,971 shares, compared to its average volume of 1,037,644. 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 firm has a market capitalization of $7.50 billion, a P/E ratio of 40.41, a PEG ratio of 2.11 and a beta of 0.86. The company's 50-day moving average price is $45.65 and its 200 day moving average price is $46.52. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43.

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

Insider Transactions at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the transaction, the insider now owns 135,046 shares in the company, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,992 shares of company stock valued at $2,673,620 in the last ninety days. 4.04% of the stock is currently owned by company insiders.

ExlService 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.