Royal Bank of Canada Sells 70,041 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Royal Bank of Canada lowered its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,303,314 shares of the business services provider's stock after selling 70,041 shares during the quarter. Royal Bank of Canada owned about 0.81% of ExlService worth $57,842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Point72 Asset Management L.P. bought a new position in shares of ExlService in the fourth quarter worth about $380,000. Point72 Hong Kong Ltd raised its stake in shares of ExlService by 603.6% in the fourth quarter. Point72 Hong Kong Ltd now owns 6,382 shares of the business services provider's stock worth $283,000 after buying an additional 5,475 shares during the period. ProShare Advisors LLC raised its stake in shares of ExlService by 41.0% in the fourth quarter. ProShare Advisors LLC now owns 51,790 shares of the business services provider's stock worth $2,298,000 after buying an additional 15,049 shares during the period. Quantinno Capital Management LP grew its position in shares of ExlService by 5.6% during the fourth quarter. Quantinno Capital Management LP now owns 16,541 shares of the business services provider's stock worth $734,000 after purchasing an additional 883 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of ExlService during the fourth quarter worth about $946,000. Institutional investors own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXLS. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC increased their target price on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. increased their target price on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus increased their target price on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, ExlService currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.33.

ExlService Stock Performance

NASDAQ EXLS opened at $46.38 on Wednesday. The stock has a market capitalization of $7.55 billion, a PE ratio of 40.68, a P/E/G ratio of 2.11 and a beta of 0.86. The business has a 50 day simple moving average of $45.68 and a two-hundred day simple moving average of $46.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. 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 released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. On average, research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction that occurred on Thursday, May 8th. The stock was 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 owns 135,046 shares in the company, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $47.53, for a total value of $692,987.40. The disclosure for this sale can be found here. Insiders sold 52,003 shares of company stock worth $2,420,678 in the last quarter. 4.04% of the stock is owned by corporate insiders.

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.

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