D. E. Shaw & Co. Inc. Trims Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

D. E. Shaw & Co. Inc. trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 72.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,836 shares of the business services provider's stock after selling 228,205 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.05% of ExlService worth $3,765,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in EXLS. Mather Group LLC. purchased a new position in ExlService in the 4th quarter worth approximately $25,000. Kestra Investment Management LLC acquired a new stake in shares of ExlService in the fourth quarter valued at approximately $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of ExlService in the fourth quarter valued at approximately $58,000. Johnson Financial Group Inc. purchased a new position in ExlService during the fourth quarter worth approximately $85,000. Finally, UMB Bank n.a. boosted its stake in ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after buying an additional 288 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Stifel Nicolaus increased 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. Finally, Needham & Company LLC boosted their price target on shares of 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.33.

ExlService Trading Down 0.1%

EXLS traded down $0.06 during mid-day trading on Thursday, hitting $45.86. 1,170,915 shares of the stock were exchanged, compared to its average volume of 1,039,805. The company has a market cap of $7.46 billion, a PE ratio of 40.23, a PEG ratio of 2.11 and a beta of 0.86. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm's fifty day moving average is $45.67 and its two-hundred day moving average is $46.58. ExlService Holdings, Inc. has a 1-year low of $28.59 and a 1-year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $489.66 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. The business's quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Ajay Ayyappan sold 1,865 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The disclosure for this sale can be found here. Insiders have sold a total of 52,003 shares of company stock worth $2,420,678 in the last quarter. 4.04% of the stock is owned by company insiders.

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.