Renaissance Technologies LLC Reduces Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Renaissance Technologies LLC lessened its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 94.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,100 shares of the business services provider's stock after selling 140,600 shares during the quarter. Renaissance Technologies LLC's holdings in ExlService were worth $359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXLS. Invesco Ltd. increased its stake in shares of ExlService by 127.7% during the fourth quarter. Invesco Ltd. now owns 701,623 shares of the business services provider's stock worth $31,138,000 after acquiring an additional 393,439 shares during the period. Bank of Montreal Can grew its holdings in ExlService by 9.7% during the 4th quarter. Bank of Montreal Can now owns 27,115 shares of the business services provider's stock valued at $1,203,000 after purchasing an additional 2,397 shares in the last quarter. FMR LLC increased its stake 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 worth $415,588,000 after buying an additional 2,647,937 shares during the last quarter. 2Xideas AG bought a new position in ExlService during the fourth quarter worth $14,312,000. Finally, Aristides Capital LLC lifted its holdings in shares of ExlService by 14.9% in the 4th quarter. Aristides Capital LLC now owns 7,125 shares of the business services provider's stock worth $316,000 after purchasing an additional 923 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Activity at ExlService

In related news, 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 completion of the sale, the executive vice president now owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares of the company's stock, valued at $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,598 shares of company stock valued at $1,661,461 over the last ninety days. Corporate insiders own 4.16% of the company's stock.

Wall Street Analyst Weigh In

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

ExlService Price Performance

Shares of NASDAQ EXLS opened at $46.87 on Monday. The business's 50 day moving average price is $45.89 and its two-hundred day moving average price is $46.10. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The company has a market cap of $7.63 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

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

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