ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,453 shares of the business services provider's stock after selling 11,000 shares during the period. Hsbc Holdings PLC's holdings in ExlService were worth $2,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of ExlService by 62.6% during the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock valued at $17,040,000 after buying an additional 171,912 shares during the last quarter. Tidal Investments LLC purchased a new stake in ExlService during the 3rd quarter worth approximately $216,000. Franklin Resources Inc. lifted its holdings in ExlService by 4.2% in the 3rd quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider's stock valued at $3,953,000 after purchasing an additional 4,029 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ExlService by 24.9% in the fourth quarter. GAMMA Investing LLC now owns 2,911 shares of the business services provider's stock valued at $129,000 after buying an additional 580 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in ExlService by 46.9% in the 4th quarter. Park Avenue Securities LLC now owns 8,053 shares of the business services provider's stock worth $357,000 after purchasing an additional 2,570 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday. StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Needham & Company LLC boosted their target price on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group raised their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus increased their price objective on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.57.

ExlService Trading Up 1.2 %

Shares of EXLS stock traded up $0.56 on Friday, hitting $46.87. The stock had a trading volume of 2,102,303 shares, compared to its average volume of 1,023,252. The company's 50 day moving average price is $45.89 and its 200-day moving average price is $46.06. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $7.63 billion, a P/E ratio of 41.11, a P/E/G ratio of 2.11 and a beta of 0.86.

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

Insider Activity

In other news, EVP Ajay Ayyappan sold 1,865 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $1,980,443.52. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anita Mahon sold 10,558 shares of ExlService 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 sale, the executive vice president now directly owns 94,443 shares of the company's stock, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,598 shares of company stock worth $1,661,461. Corporate insiders own 4.16% of the company's stock.

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.