Dimensional Fund Advisors LP Lowers Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Dimensional Fund Advisors LP decreased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,179,896 shares of the business services provider's stock after selling 32,528 shares during the period. Dimensional Fund Advisors LP owned 1.98% of ExlService worth $141,124,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in ExlService by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after buying an additional 215,485 shares in the last quarter. FMR LLC grew its stake in ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after acquiring an additional 2,647,937 shares during the period. Norges Bank bought a new stake in shares of ExlService during the fourth quarter valued at approximately $106,452,000. Handelsbanken Fonder AB raised its position in shares of 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 purchasing an additional 1,664,400 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of ExlService in the 4th quarter worth $52,852,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Analyst Ratings Changes

EXLS has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus upped their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded ExlService from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $48.86.

ExlService Stock Performance

Shares of NASDAQ EXLS traded down $1.54 during midday trading on Thursday, reaching $46.94. The company's stock had a trading volume of 773,164 shares, compared to its average volume of 1,014,405. The stock has a market capitalization of $7.62 billion, a P/E ratio of 41.24, a PEG ratio of 2.11 and a beta of 0.91. 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 has a 50 day moving average price of $45.97 and a 200-day moving average price of $45.93. ExlService Holdings, Inc. has a 12-month low of $28.59 and a 12-month high of $52.43.

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

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anita Mahon sold 10,558 shares of the 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 sale, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,598 shares of company stock worth $1,661,461. Insiders own 4.16% of the company's stock.

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.