Cubist Systematic Strategies LLC Has $6.40 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Cubist Systematic Strategies LLC reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,170 shares of the business services provider's stock after selling 23,973 shares during the period. Cubist Systematic Strategies LLC owned 0.09% of ExlService worth $6,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in EXLS. Mather Group LLC. acquired a new position in ExlService in the fourth quarter worth approximately $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService during the fourth quarter valued at $26,000. USA Financial Formulas purchased a new stake in shares of ExlService during the fourth quarter valued at $58,000. VisionPoint Advisory Group LLC acquired a new position in shares of ExlService in the 4th quarter valued at $58,000. Finally, UMB Bank n.a. increased its stake in ExlService by 17.6% in the 4th 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. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 94,443 shares of the company's stock, valued at $4,336,822.56. The trade was a 10.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay Ayyappan sold 1,865 shares of ExlService stock in a transaction on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the completion of the transaction, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $1,980,443.52. The trade was a 4.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,992 shares of company stock valued at $2,673,620. 4.16% of the stock is owned by corporate insiders.

ExlService Stock Up 0.0%

EXLS traded up $0.01 during midday trading on Tuesday, hitting $46.86. 1,468,138 shares of the company's stock traded hands, compared to its average volume of 1,030,674. 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 company has a market cap of $7.62 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The stock's fifty day simple moving average is $45.68 and its 200-day simple moving average is $46.39. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43.

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

Analyst Ratings Changes

Several brokerages have commented on EXLS. Needham & Company LLC raised their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group raised their price objective 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. Stifel Nicolaus boosted their target price on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.33.

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.