Wellington Management Group LLP Cuts Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Wellington Management Group LLP cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,050,157 shares of the business services provider's stock after selling 273,640 shares during the quarter. Wellington Management Group LLP owned approximately 1.26% of ExlService worth $90,986,000 at the end of the most recent quarter.

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

Insider Activity

In related news, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction 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 sale, the insider now owns 135,046 shares in the company, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,138 shares of company stock valued at $2,330,561. 4.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

ExlService Stock Down 0.2%

Shares of NASDAQ:EXLS traded down $0.09 during trading on Monday, hitting $45.90. 1,459,337 shares of the company's stock traded hands, compared to its average volume of 1,056,247. The company has a 50-day moving average price of $45.54 and a 200-day moving average price of $46.64. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. 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 company has a market cap of $7.47 billion, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its 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 return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. During the same period in the prior year, the business earned $0.38 EPS. ExlService's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.