Point72 Hong Kong Ltd Acquires 5,475 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Point72 Hong Kong Ltd raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 603.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,382 shares of the business services provider's stock after acquiring an additional 5,475 shares during the quarter. Point72 Hong Kong Ltd's holdings in ExlService were worth $283,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of ExlService by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after acquiring an additional 215,485 shares during the period. FMR LLC raised its holdings in shares of ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after buying an additional 2,647,937 shares during the last quarter. Norges Bank bought a new position in shares of ExlService in the fourth quarter valued at about $106,452,000. Handelsbanken Fonder AB raised its holdings in shares of ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after buying an additional 1,664,400 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of ExlService by 13.1% in the fourth quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after buying an additional 252,669 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the sale, the insider now owns 135,046 shares in the company, valued at $6,226,971.06. This represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ajay Ayyappan sold 1,865 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total value of $90,116.80. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $1,980,443.52. This represents a 4.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,003 shares of company stock worth $2,420,678 in the last 90 days. Corporate insiders own 4.04% of the company's stock.

ExlService Stock Up 0.2%

NASDAQ EXLS traded up $0.08 during trading on Thursday, hitting $46.00. The stock had a trading volume of 204,621 shares, compared to its average volume of 1,036,049. The company has a market capitalization of $7.48 billion, a PE ratio of 40.39, a P/E/G ratio of 2.11 and a beta of 0.86. The company's 50-day moving average price is $45.67 and its two-hundred day moving average price is $46.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $501.02 million for the quarter, compared to analysts' expectations of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 EPS. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target 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 raised ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Needham & Company LLC lifted their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus boosted their target price on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and an average price target of $52.33.

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.