Man Group plc Sells 217,177 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Man Group plc decreased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 53.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 187,001 shares of the business services provider's stock after selling 217,177 shares during the quarter. Man Group plc owned 0.12% of ExlService worth $8,299,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Nomura Holdings Inc. acquired a new position in ExlService in the 4th quarter valued at approximately $946,000. Morse Asset Management Inc bought a new position in shares of ExlService during the fourth quarter valued at $49,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of ExlService by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,449 shares of the business services provider's stock valued at $3,970,000 after purchasing an additional 3,399 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of ExlService by 165.7% in the 4th quarter. Lazard Asset Management LLC now owns 76,312 shares of the business services provider's stock valued at $3,385,000 after purchasing an additional 47,593 shares in the last quarter. Finally, Ethic Inc. bought a new stake in shares of ExlService in the 4th quarter worth about $256,000. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Trading Down 0.6%

ExlService stock traded down $0.28 during mid-day trading 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. The stock has a market capitalization of $7.42 billion, a PE ratio of 39.98, a P/E/G ratio of 2.11 and a beta of 0.86. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43. 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 stock has a 50-day simple moving average of $45.64 and a two-hundred day simple moving average of $46.64.

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

Insider Transactions at ExlService

In related news, EVP Ajay Ayyappan sold 1,865 shares of the company's stock in a transaction on Friday, February 28th. The shares were 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 $1,980,443.52. This represents a 4.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $1,152,750.00. Following the completion of the transaction, the insider now directly owns 135,046 shares of the company's stock, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,003 shares of company stock worth $2,420,678 in the last three months. Insiders own 4.04% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXLS. JPMorgan Chase & Co. lifted 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, May 1st. Needham & Company LLC lifted their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus upped their price target on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently 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.