Nuveen Asset Management LLC Sells 12,379 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Nuveen Asset Management LLC reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,833,637 shares of the business services provider's stock after selling 12,379 shares during the period. Nuveen Asset Management LLC owned about 1.14% of ExlService worth $81,377,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its position in shares of ExlService by 1.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock valued at $633,000 after acquiring an additional 214 shares in the last quarter. Kensington Investment Counsel LLC raised its stake in ExlService by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock worth $1,740,000 after purchasing an additional 282 shares in the last quarter. UMB Bank n.a. raised its position in shares of ExlService by 17.6% in the 4th 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 in the last quarter. Dakota Wealth Management grew its holdings in ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after acquiring an additional 311 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of ExlService by 1.9% in the 4th quarter. Pacer Advisors Inc. now owns 24,027 shares of the business services provider's stock valued at $1,066,000 after purchasing an additional 447 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 25,000 shares of the 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 sale, the insider now directly owns 135,046 shares of the company's stock, valued at $6,226,971.06. This represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was 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 sold a total of 52,003 shares of company stock valued at $2,420,678 over the last three months. Corporate insiders own 4.04% of the company's stock.

Analyst Upgrades and Downgrades

EXLS has been the subject of several recent research reports. 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 research note on Thursday, May 1st. 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 report on Thursday, February 27th. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC increased their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and a consensus price target of $52.33.

ExlService Stock Down 1.0%

Shares of NASDAQ:EXLS traded down $0.46 during midday trading on Wednesday, reaching $45.92. The company had a trading volume of 946,061 shares, compared to its average volume of 1,037,458. The business's 50 day moving average price is $45.68 and its 200 day moving average price is $46.58. The stock has a market cap of $7.47 billion, a PE ratio of 40.28, a P/E/G ratio of 2.11 and a beta of 0.86. 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 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 posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $501.02 million during the quarter, compared to analyst estimates of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. Research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.