ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 449,700 shares of the business services provider's stock after selling 407,400 shares during the quarter. Two Sigma Advisers LP owned approximately 0.28% of ExlService worth $19,958,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EXLS. Tidal Investments LLC increased its holdings in shares of ExlService by 79.9% in the fourth quarter. Tidal Investments LLC now owns 10,164 shares of the business services provider's stock worth $451,000 after purchasing an additional 4,514 shares during the last quarter. State of Wyoming lifted its stake in shares of ExlService by 9.1% in the 4th quarter. State of Wyoming now owns 38,090 shares of the business services provider's stock valued at $1,690,000 after purchasing an additional 3,163 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of ExlService in the 4th quarter valued at approximately $380,000. Point72 Hong Kong Ltd raised its holdings 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. Finally, ProShare Advisors LLC raised its holdings 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. 92.92% of the stock is owned by institutional investors.

ExlService Stock Performance

Shares of NASDAQ EXLS traded down $0.28 during midday trading on Friday, reaching $45.58. 1,714,040 shares of the stock were exchanged, compared to its average volume of 1,046,020. 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 firm has a market cap of $7.42 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 2.11 and a beta of 0.86. The firm has a 50-day simple moving average of $45.64 and a two-hundred day simple moving average of $46.63. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (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 firm had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. As a group, analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In related news, EVP Ajay Ayyappan sold 1,865 shares of ExlService stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $48.32, for a total value of $90,116.80. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at $1,980,443.52. The trade was a 4.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of ExlService 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 completion of the transaction, the insider now owns 135,046 shares of the company's stock, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,003 shares of company stock valued at $2,420,678 in the last ninety days. 4.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on EXLS. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Stifel Nicolaus lifted their price target on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC raised their price objective on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.33.

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.