Balyasny Asset Management L.P. Reduces Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Balyasny Asset Management L.P. lessened its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 80.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,891 shares of the business services provider's stock after selling 82,810 shares during the quarter. Balyasny Asset Management L.P.'s holdings in ExlService were worth $883,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Barclays PLC increased its position in ExlService by 62.6% during the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock worth $17,040,000 after buying an additional 171,912 shares during the period. Tidal Investments LLC acquired a new stake in ExlService in the third quarter valued at about $216,000. Franklin Resources Inc. boosted its stake in ExlService by 4.2% in the third quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider's stock valued at $3,953,000 after buying an additional 4,029 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of ExlService by 46.9% during the fourth quarter. Park Avenue Securities LLC now owns 8,053 shares of the business services provider's stock valued at $357,000 after purchasing an additional 2,570 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of ExlService during the fourth quarter valued at about $58,000. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Down 0.3%

Shares of NASDAQ EXLS traded down $0.12 during midday trading on Friday, hitting $46.07. 1,403,971 shares of the stock traded hands, compared to its average volume of 1,037,644. The company has a market cap of $7.50 billion, a PE ratio of 40.41, a P/E/G ratio of 2.11 and a beta of 0.86. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43. The business has a 50 day moving average price of $45.65 and a two-hundred day moving average price of $46.52. 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 earnings results 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 return on equity of 23.23% and a net margin of 10.61%. ExlService's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity at ExlService

In other ExlService news, EVP Anita Mahon sold 10,558 shares of the business's 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 transaction, the executive vice president now owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay Ayyappan sold 1,865 shares of the business's stock in a transaction on Friday, February 28th. The stock was 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 directly owns 40,986 shares in the company, valued at approximately $1,980,443.52. This represents a 4.35% decrease in their position. 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 over the last 90 days. Insiders own 4.04% of the company's stock.

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note 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. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. lifted their price target on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Needham & Company LLC lifted their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and an average target price 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.