ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,649 shares of the business services provider's stock after selling 8,710 shares during the period. Stifel Financial Corp's holdings in ExlService were worth $3,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EXLS. Vanguard Group Inc. increased its holdings in ExlService by 1.4% in the fourth 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 during the last quarter. FMR LLC raised its stake in ExlService by 39.4% during the 4th 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 in the last quarter. Norges Bank acquired a new stake in ExlService in the fourth quarter worth about $106,452,000. Handelsbanken Fonder AB boosted its holdings in shares of ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after acquiring an additional 1,664,400 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of ExlService during the 4th quarter valued at $52,852,000. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Trading Up 1.2 %

ExlService stock opened at $46.87 on Friday. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43. The business has a 50 day moving average price of $45.89 and a two-hundred day moving average price of $46.02.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its 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. The business 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%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday. Stifel Nicolaus boosted their price objective 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. Needham & Company LLC raised their price target on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group raised 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. Finally, StockNews.com cut shares of 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 issued a buy rating to the company's stock. According to MarketBeat.com, ExlService currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.57.

Insider Activity

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

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.

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