Charles Schwab Investment Management Inc. Has $95.51 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Charles Schwab Investment Management Inc. trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,151,983 shares of the business services provider’s stock after selling 9,170 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.34% of ExlService worth $95,505,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EXLS. Handelsbanken Fonder AB boosted its holdings in ExlService by 313.9% during 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 acquiring an additional 1,664,400 shares during the period. Loomis Sayles & Co. L P bought a new stake in ExlService during the third quarter valued at about $17,198,000. Proficio Capital Partners LLC bought a new stake in ExlService during the fourth quarter valued at about $8,682,000. Barclays PLC boosted its holdings in ExlService by 62.6% during the third quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock valued at $17,040,000 after acquiring an additional 171,912 shares during the period. Finally, Castleark Management LLC bought a new stake in ExlService during the third quarter valued at about $6,045,000. 92.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction that occurred on Monday, February 10th. The shares were 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 owns 40,986 shares in the company, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,793 shares of company stock valued at $1,852,461. 4.16% of the stock is currently owned by corporate insiders.

ExlService Stock Up 1.8 %

NASDAQ EXLS opened at $47.58 on Monday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $48.36 and its two-hundred day moving average is $43.73. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. Equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXLS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Stifel Nicolaus lifted 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. Needham & Company LLC lifted their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.38.

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.