Point72 Asset Management L.P. Takes $380,000 Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Point72 Asset Management L.P. purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 8,565 shares of the business services provider's stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted 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 during the period. Kensington Investment Counsel LLC lifted its position in shares of ExlService by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock valued at $1,740,000 after acquiring an additional 282 shares during the period. UMB Bank n.a. lifted its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after acquiring an additional 288 shares during the period. Dakota Wealth Management lifted its position in shares of ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock valued at $288,000 after acquiring an additional 311 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of ExlService by 1.9% during the 4th quarter. Pacer Advisors Inc. now owns 24,027 shares of the business services provider's stock valued at $1,066,000 after acquiring an additional 447 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction that occurred on 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were 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 of the company's stock, valued at $4,336,822.56. This represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,003 shares of company stock valued at $2,420,678. Company insiders own 4.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EXLS. Needham & Company LLC lifted their price target on shares of 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 raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their price objective 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. Finally, Stifel Nicolaus raised their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $52.33.

ExlService Price Performance

Shares of EXLS traded down $0.20 during mid-day trading on Thursday, reaching $45.97. 261,936 shares of the company's stock were exchanged, compared to its average volume of 1,046,554. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $45.59 and a two-hundred day simple moving average of $46.63. ExlService Holdings, Inc. has a 52-week low of $28.59 and a 52-week high of $52.43. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.11 and a beta of 0.86.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS 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 analysts' expectations of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. ExlService's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. On average, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS 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.