Millennium Management LLC Sells 155,997 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Millennium Management LLC lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 77.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,536 shares of the business services provider's stock after selling 155,997 shares during the quarter. Millennium Management LLC's holdings in ExlService were worth $1,977,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in ExlService in the fourth quarter valued at $25,000. Kestra Investment Management LLC acquired a new stake in ExlService in the fourth quarter valued at $26,000. VisionPoint Advisory Group LLC bought a new position in shares of ExlService in the fourth quarter valued at about $58,000. Johnson Financial Group Inc. bought a new position in shares of ExlService in the fourth quarter valued at about $85,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of ExlService in the fourth quarter valued at about $99,000. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Performance

NASDAQ:EXLS traded up $0.23 during mid-day trading on Wednesday, reaching $46.87. 897,915 shares of the company's stock were exchanged, compared to its average volume of 1,057,647. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43. The firm has a market capitalization of $7.63 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The business's fifty day simple moving average is $45.53 and its two-hundred day simple moving average is $46.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS 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 for the quarter, compared to analyst estimates of $489.66 million. During the same period last year, the firm earned $0.38 earnings per share. ExlService's revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Vikas Bhalla sold 25,000 shares of the firm's stock in a transaction dated 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 directly owns 135,046 shares in the company, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,138 shares of company stock valued at $2,330,561. 4.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EXLS shares. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price objective on shares of ExlService in a research report on Tuesday. Stifel Nicolaus increased their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. 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. Finally, Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $51.50.

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.