ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lessened its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,710 shares of the business services provider's stock after selling 29,390 shares during the quarter. Canada Pension Plan Investment Board's holdings in ExlService were worth $3,227,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its position in shares of ExlService by 1.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock worth $633,000 after purchasing an additional 214 shares in the last quarter. Kensington Investment Counsel LLC increased its position in shares of ExlService by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock worth $1,740,000 after purchasing an additional 282 shares in the last quarter. 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 worth $85,000 after purchasing an additional 288 shares in the last quarter. Dakota Wealth Management increased its position in shares of ExlService by 5.0% during the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after purchasing an additional 311 shares in the last quarter. Finally, Heritage Family Offices LLP increased its position in shares of ExlService by 6.7% during the fourth quarter. Heritage Family Offices LLP now owns 6,677 shares of the business services provider's stock worth $296,000 after purchasing an additional 421 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $2,110,779. This represents a 28.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,598 shares of company stock valued at $1,661,461 in the last quarter. Insiders own 4.16% of the company's stock.

ExlService Trading Up 0.1 %

Shares of ExlService stock traded up $0.03 during trading hours on Monday, hitting $44.46. The company's stock had a trading volume of 2,099,763 shares, compared to its average volume of 1,000,833. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The firm has a fifty day moving average of $46.07 and a 200-day moving average of $45.92. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on EXLS shares. Stifel Nicolaus boosted their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Needham & Company LLC upped their target price on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com cut ExlService from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, ExlService currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.86.

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.