Los Angeles Capital Management LLC Sells 44,200 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Los Angeles Capital Management LLC trimmed its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 24.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,190 shares of the business services provider’s stock after selling 44,200 shares during the period. Los Angeles Capital Management LLC owned about 0.09% of ExlService worth $4,325,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EXLS. Natixis Advisors L.P. increased its holdings in ExlService by 14.0% during the 4th quarter. Natixis Advisors L.P. now owns 30,176 shares of the business services provider’s stock valued at $930,000 after purchasing an additional 3,701 shares in the last quarter. Heritage Wealth Management LLC acquired a new stake in shares of ExlService in the fourth quarter valued at $220,000. Van ECK Associates Corp lifted its position in ExlService by 39.5% during the 4th quarter. Van ECK Associates Corp now owns 46,437 shares of the business services provider’s stock worth $1,433,000 after buying an additional 13,158 shares in the last quarter. Choreo LLC bought a new stake in ExlService during the 4th quarter worth about $343,000. Finally, Russell Investments Group Ltd. increased its position in ExlService by 56.5% in the 4th quarter. Russell Investments Group Ltd. now owns 217,492 shares of the business services provider’s stock valued at $6,710,000 after acquiring an additional 78,532 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction that occurred on 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 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 can be accessed through the SEC website. In related news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was 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 directly owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Vikas Bhalla sold 23,760 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by corporate insiders.

ExlService Stock Performance

EXLS stock opened at $29.65 on Monday. ExlService Holdings, Inc. has a twelve month low of $25.17 and a twelve month high of $34.41. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $4.82 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.00. The business’s fifty day moving average is $30.54 and its 200-day moving average is $29.83.

ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a net margin of 10.92% and a return on equity of 23.13%. The company had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.3 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on EXLS shares. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of ExlService in a research note on Friday. Wedbush reiterated a “neutral” rating and issued a $34.00 price objective on shares of ExlService in a research report on Wednesday, May 1st. TD Cowen boosted their target price on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Citigroup cut their price target on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.14.

ExlService 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.