Two Sigma Advisers LP Lowers Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Two Sigma Advisers LP lowered its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 47.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 449,700 shares of the business services provider's stock after selling 407,400 shares during the quarter. Two Sigma Advisers LP owned 0.28% of ExlService worth $19,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXLS. Vanguard Group Inc. grew its holdings in shares of ExlService by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after purchasing an additional 215,485 shares during the last quarter. FMR LLC grew its holdings in shares of ExlService by 39.4% during the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after purchasing an additional 2,647,937 shares during the last quarter. Norges Bank bought a new position in shares of ExlService during the 4th quarter valued at $106,452,000. Handelsbanken Fonder AB grew its holdings in shares of ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after purchasing an additional 1,664,400 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of ExlService by 13.1% during the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after purchasing an additional 252,669 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the company's 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 transaction, the insider now directly owns 135,046 shares in the company, valued at $6,226,971.06. This represents a 15.62% decrease in their ownership of the stock. 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 company's stock in a transaction that occurred 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 worth $2,420,678 over the last three months. 4.04% of the stock is currently owned by company insiders.

ExlService Stock Performance

NASDAQ EXLS traded up $0.87 during trading hours on Tuesday, hitting $46.45. 256,876 shares of the company's stock traded hands, compared to its average volume of 1,042,954. The business's fifty day moving average price is $45.60 and its two-hundred day moving average price is $46.64. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $7.56 billion, a P/E ratio of 40.73, 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.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $501.02 million during the quarter, compared to analyst estimates of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company's revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. Equities research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. lifted their price target 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. Stifel Nicolaus lifted their price target 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. Finally, 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $52.33.

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.