Blue Trust Inc. Sells 1,718 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Blue Trust Inc. decreased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 34.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,218 shares of the business services provider’s stock after selling 1,718 shares during the quarter. Blue Trust Inc.’s holdings in ExlService were worth $143,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EXLS. Mather Group LLC. acquired a new stake in shares of ExlService in the 4th quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService during the third quarter worth $27,000. Huntington National Bank grew its stake in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares during the period. USA Financial Formulas acquired a new stake in shares of ExlService during the fourth quarter worth $58,000. Finally, UMB Bank n.a. grew its stake in shares of ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after purchasing an additional 288 shares during the period. Institutional investors own 92.92% of the company’s stock.

Insider Activity

In related news, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. This represents 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 hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.16% of the company’s stock.

ExlService Stock Down 2.6 %

NASDAQ:EXLS opened at $50.43 on Friday. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $52.43. 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 has a market cap of $8.11 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 2.13 and a beta of 1.03. The stock has a 50-day moving average price of $47.75 and a two-hundred day moving average price of $42.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EXLS shares. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Needham & Company LLC lifted their price objective on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group boosted their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

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.