Two Sigma Investments LP Sells 382,447 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Two Sigma Investments LP reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 53.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 329,988 shares of the business services provider's stock after selling 382,447 shares during the period. Two Sigma Investments LP owned 0.21% of ExlService worth $14,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. bought a new position in shares of ExlService in the 4th quarter worth $25,000. Kestra Investment Management LLC bought a new position in shares of ExlService in the 4th quarter worth $26,000. Morse Asset Management Inc bought a new position in shares of ExlService in the 4th quarter worth $49,000. VisionPoint Advisory Group LLC bought a new position in shares of ExlService in the 4th quarter worth $58,000. Finally, Johnson Financial Group Inc. bought a new position in shares of ExlService in the 4th quarter worth $85,000. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Down 0.2%

Shares of ExlService stock traded down $0.11 during trading on Wednesday, reaching $46.42. The stock had a trading volume of 216,469 shares, compared to its average volume of 1,043,911. 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 stock has a fifty day moving average price of $45.60 and a two-hundred day moving average price of $46.64. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 40.68, 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 released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. During the same period last year, the firm posted $0.38 earnings per share. The business's revenue was up 14.8% on a year-over-year basis. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. This trade represents a 10.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ajay Ayyappan sold 1,865 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $1,980,443.52. The trade was a 4.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,003 shares of company stock worth $2,420,678. Company insiders own 4.04% of the company's stock.

ExlService 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.