Federated Hermes Inc. Reduces Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Federated Hermes Inc. reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 427,043 shares of the business services provider's stock after selling 123,421 shares during the quarter. Federated Hermes Inc. owned about 0.26% of ExlService worth $13,174,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in ExlService by 402.9% in the 3rd quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider's stock valued at $472,045,000 after acquiring an additional 13,487,495 shares during the period. FMR LLC increased its holdings in shares of ExlService by 407.4% during the third quarter. FMR LLC now owns 9,605,650 shares of the business services provider's stock worth $269,342,000 after purchasing an additional 7,712,359 shares during the period. Wellington Management Group LLP increased its holdings in shares of ExlService by 367.2% during the third quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider's stock worth $242,251,000 after purchasing an additional 6,790,373 shares during the period. Mackenzie Financial Corp increased its holdings in shares of ExlService by 4.5% during the fourth quarter. Mackenzie Financial Corp now owns 6,813,597 shares of the business services provider's stock worth $210,199,000 after purchasing an additional 291,734 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of ExlService by 400.0% during the third quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider's stock worth $123,146,000 after purchasing an additional 3,513,403 shares during the period. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In other news, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares in the company, valued at $4,003,219.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction on 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 transaction, the executive vice president now owns 50,693 shares of the company's stock, valued at $1,601,391.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now directly owns 127,046 shares of the company's stock, valued at approximately $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on EXLS shares. TD Cowen raised their target price on shares of ExlService from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Tuesday, April 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 target price on shares of ExlService in a report on Friday, March 1st. StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a research report on Thursday, February 29th. Finally, Citigroup reduced their price target on shares of ExlService from $38.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $36.14.

ExlService Price Performance

ExlService stock traded up $0.03 during mid-day trading on Tuesday, reaching $29.62. The company had a trading volume of 585,199 shares, compared to its average volume of 969,591. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $35.94. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. The company has a market cap of $4.91 billion, a P/E ratio of 27.08, a P/E/G ratio of 1.53 and a beta of 0.97. The business has a fifty day simple moving average of $30.72 and a 200 day simple moving average of $29.82.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results 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 company had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. On average, equities research analysts predict that ExlService Holdings, Inc. will post 1.3 earnings per share for the current year.

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.