BNP Paribas Financial Markets Reduces Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

BNP Paribas Financial Markets reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 58.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 95,913 shares of the business services provider’s stock after selling 134,497 shares during the period. BNP Paribas Financial Markets’ holdings in ExlService were worth $4,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of ExlService by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock valued at $699,925,000 after purchasing an additional 215,485 shares during the last quarter. FMR LLC boosted its holdings in shares of ExlService by 39.4% in the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after purchasing an additional 2,647,937 shares during the last quarter. Norges Bank acquired a new position in shares of ExlService in the 4th quarter valued at $106,452,000. Handelsbanken Fonder AB boosted its holdings in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after purchasing an additional 1,664,400 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of ExlService by 13.1% in the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider’s stock valued at $96,690,000 after purchasing an additional 252,669 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXLS has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Needham & Company LLC lifted their target price on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus lifted their target price on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

Insiders Place Their Bets

In other news, EVP Ajay Ayyappan sold 4,989 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at approximately $2,077,990.20. The trade was a 10.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaynie M. Studenmund sold 14,580 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $47.53, for a total transaction of $692,987.40. The disclosure for this sale can be found here. Insiders have sold 56,992 shares of company stock worth $2,673,620 in the last quarter. 4.16% of the stock is owned by corporate insiders.

ExlService Stock Performance

Shares of EXLS stock opened at $45.64 on Thursday. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $7.43 billion, a P/E ratio of 40.04, a P/E/G ratio of 2.11 and a beta of 0.86. The company’s fifty day moving average price is $45.65 and its two-hundred day moving average price is $46.38.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same quarter in the previous year, the business posted $0.38 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.