ExlService Holdings, Inc. (NASDAQ:EXLS) Holdings Decreased by US Bancorp DE

US Bancorp DE trimmed its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,669 shares of the business services provider’s stock after selling 2,494 shares during the quarter. US Bancorp DE’s holdings in ExlService were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp increased its holdings in shares of ExlService by 1.0% in the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after acquiring an additional 59,196 shares during the last quarter. Geneva Capital Management LLC increased its holdings in shares of ExlService by 1.9% in the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after acquiring an additional 87,592 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after acquiring an additional 149,856 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of ExlService by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock valued at $104,810,000 after acquiring an additional 21,358 shares during the last quarter. Finally, Handelsbanken Fonder AB increased 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 acquiring an additional 1,664,400 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Price Performance

Shares of EXLS opened at $45.77 on Tuesday. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 40.15, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. The stock’s fifty day moving average is $48.36 and its 200-day moving average is $43.73.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The business 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 anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity

In related 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ajay Ayyappan sold 1,865 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the transaction, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $1,980,443.52. This represents a 4.35 % 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. Company insiders own 4.16% of the company’s stock.

Analyst Ratings Changes

EXLS has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price target on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group upped 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. Needham & Company LLC upped 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. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

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.