ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Castleark Management LLC

Castleark Management LLC lowered its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,050 shares of the business services provider's stock after selling 6,410 shares during the quarter. Castleark Management LLC owned 0.09% of ExlService worth $6,748,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EXLS. FMR LLC raised its holdings in ExlService by 39.4% in the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after buying an additional 2,647,937 shares during the period. Norges Bank purchased a new stake in shares of ExlService in the 4th quarter valued at approximately $106,452,000. Handelsbanken Fonder AB lifted its holdings in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after acquiring an additional 1,664,400 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of ExlService during the 4th quarter worth approximately $52,852,000. Finally, Axiom Investors LLC DE acquired a new stake in ExlService in the 4th quarter valued at approximately $20,419,000. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Down 0.6%

EXLS traded down $0.28 on Monday, reaching $45.58. The company's stock had a trading volume of 1,714,040 shares, compared to its average volume of 1,046,020. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 39.98, a P/E/G ratio of 2.11 and a beta of 0.86. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $45.64 and a two-hundred day moving average of $46.64.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS 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 firm had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. During the same period last year, the firm posted $0.38 EPS. The company's revenue was up 14.8% on a year-over-year basis. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EXLS has been the topic of several recent research reports. Needham & Company LLC upped their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note 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 research note on Thursday, February 27th. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.33.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 1,865 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $1,980,443.52. The trade was a 4.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vikas Bhalla sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the transaction, the insider now owns 135,046 shares in the company, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,003 shares of company stock valued at $2,420,678 in the last three months. 4.04% of the stock is currently owned by company insiders.

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.