ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by AlphaQuest LLC

AlphaQuest LLC decreased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 59.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,638 shares of the business services provider’s stock after selling 41,377 shares during the quarter. AlphaQuest LLC’s holdings in ExlService were worth $1,271,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EXLS. Mather Group LLC. acquired a new position in ExlService in the 4th quarter worth about $25,000. Kestra Investment Management LLC acquired a new position in ExlService in the 4th quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in ExlService in the 3rd quarter worth about $27,000. Huntington National Bank increased its stake in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after buying an additional 1,131 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in ExlService during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Jefferies Financial Group boosted their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Finally, Needham & Company LLC boosted their price objective on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.38.

Insider Activity at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,793 shares of company stock valued at $1,852,461 over the last quarter. 4.16% of the stock is owned by insiders.

ExlService Stock Up 1.8 %

Shares of NASDAQ EXLS opened at $47.58 on Monday. The stock has a market cap of $7.72 billion, a P/E ratio of 41.74, a PEG ratio of 2.11 and a beta of 1.10. The business’s fifty day simple moving average is $48.36 and its 200-day simple moving average is $43.73. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The business had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.