SG Americas Securities LLC Trims Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

SG Americas Securities LLC reduced its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 88.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,372 shares of the business services provider's stock after selling 122,921 shares during the quarter. SG Americas Securities LLC's holdings in ExlService were worth $474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. FinTrust Capital Advisors LLC bought a new stake in shares of ExlService in the 3rd quarter valued at $29,000. Public Employees Retirement System of Ohio boosted its stake in shares of ExlService by 439.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider's stock valued at $29,000 after purchasing an additional 857 shares during the last quarter. Operose Advisors LLC bought a new stake in shares of ExlService in the 3rd quarter valued at $38,000. RiverPark Advisors LLC boosted its stake in shares of ExlService by 65.2% in the 4th quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider's stock valued at $39,000 after purchasing an additional 503 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of ExlService by 944.3% in the 3rd quarter. Fifth Third Bancorp now owns 1,556 shares of the business services provider's stock valued at $44,000 after purchasing an additional 1,407 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EXLS shares. Wedbush reaffirmed a "neutral" rating and issued a $34.00 price objective on shares of ExlService in a research note on Thursday, December 14th. StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. Citigroup raised shares of ExlService from a "neutral" rating to a "buy" rating and increased their target price for the stock from $29.00 to $36.00 in a research note on Wednesday, January 17th. Needham & Company LLC reissued a "buy" rating and set a $40.00 target price on shares of ExlService in a research note on Friday, March 1st. Finally, TD Cowen increased their target price on shares of ExlService from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.00.

ExlService Stock Down 3.3 %

Shares of ExlService stock traded down $1.02 during trading hours on Friday, reaching $29.57. The company's stock had a trading volume of 2,814,092 shares, compared to its average volume of 1,041,688. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $35.94. The company has a market capitalization of $4.90 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.60 and a beta of 0.97. The stock's fifty day simple moving average is $31.03 and its two-hundred day simple moving average is $29.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). ExlService had a net margin of 11.32% and a return on equity of 22.83%. The business had revenue of $414.06 million during the quarter, compared to the consensus estimate of $408.56 million. On average, research analysts forecast that ExlService Holdings, Inc. will post 1.3 earnings per share for the current year.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares in the company, valued at $1,601,391.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total value of $748,677.60. Following the completion of the sale, the executive vice president now owns 127,046 shares in the company, valued at $4,003,219.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares of the company's stock, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. Insiders own 3.75% 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.