Man Group plc Has $8.30 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Man Group plc reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 53.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 about 0.12% of ExlService worth $8,299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its stake in shares of ExlService by 1.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock worth $633,000 after acquiring an additional 214 shares during the period. Kensington Investment Counsel LLC lifted its stake in ExlService by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock valued at $1,740,000 after buying an additional 282 shares during the period. UMB Bank n.a. lifted its stake in ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after buying an additional 288 shares during the period. Dakota Wealth Management lifted its stake in ExlService by 5.0% in the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock valued at $288,000 after buying an additional 311 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in ExlService by 1.9% in the fourth quarter. Pacer Advisors Inc. now owns 24,027 shares of the business services provider's stock valued at $1,066,000 after buying an additional 447 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Anita Mahon sold 10,558 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the sale, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 1,865 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 40,986 shares of the company's stock, valued at $1,980,443.52. This trade represents a 4.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,992 shares of company stock worth $2,673,620. 4.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EXLS. Jefferies Financial Group boosted their price target on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Needham & Company LLC boosted their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One research 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.33.

ExlService Trading Up 0.5%

NASDAQ EXLS opened at $46.29 on Tuesday. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 40.61, a P/E/G ratio of 2.11 and a beta of 0.86. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. The business has a 50 day moving average price of $45.66 and a 200-day moving average price of $46.58. 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 (NASDAQ:EXLS - Get Free Report) last released 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. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company's quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding EXLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.