D. E. Shaw & Co. Inc. Sells 228,205 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

D. E. Shaw & Co. Inc. lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 72.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,836 shares of the business services provider's stock after selling 228,205 shares during the period. D. E. Shaw & Co. Inc. owned 0.05% of ExlService worth $3,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EXLS. FMR LLC increased its holdings in shares of ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after purchasing an additional 2,647,937 shares in the last quarter. Norges Bank acquired a new stake in shares of ExlService in the fourth quarter valued at approximately $106,452,000. Handelsbanken Fonder AB grew its holdings in ExlService by 313.9% during 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 period. Raymond James Financial Inc. acquired a new stake in ExlService during the 4th quarter worth $52,852,000. Finally, Axiom Investors LLC DE acquired a new stake in ExlService during the 4th quarter worth $20,419,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on EXLS shares. JPMorgan Chase & Co. lifted their target price on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Stifel Nicolaus lifted their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC lifted 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. 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, ExlService has a consensus rating of "Moderate Buy" and a consensus price target of $52.33.

Insider Activity at ExlService

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the sale, the insider now directly owns 135,046 shares of the company's stock, valued at $6,226,971.06. The trade was a 15.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Anita Mahon sold 10,558 shares of the business'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 sale, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. This trade represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,003 shares of company stock valued at $2,420,678. 4.04% of the stock is owned by corporate insiders.

ExlService Trading Down 0.6%

Shares of EXLS stock traded down $0.28 on Friday, hitting $45.58. The stock had a trading volume of 1,714,040 shares, compared to its average volume of 1,046,020. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The firm has a market cap of $7.42 billion, a P/E ratio of 39.98, 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 company has a fifty day moving average price of $45.64 and a two-hundred day moving average price of $46.63.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate 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 was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

About ExlService

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.