M&T Bank Corp Sells 239 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

M&T Bank Corp lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,118 shares of the business services provider’s stock after selling 239 shares during the quarter. M&T Bank Corp’s holdings in ExlService were worth $227,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Atria Investments Inc bought a new position in ExlService in the 4th quarter valued at approximately $212,000. Assetmark Inc. raised its holdings in ExlService by 7.0% in the 4th quarter. Assetmark Inc. now owns 26,607 shares of the business services provider’s stock valued at $1,181,000 after buying an additional 1,746 shares during the last quarter. Cookson Peirce & Co. Inc. raised its holdings in ExlService by 57.0% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 25,559 shares of the business services provider’s stock valued at $1,134,000 after buying an additional 9,284 shares during the last quarter. Victory Capital Management Inc. increased its position in ExlService by 144.0% during the 4th quarter. Victory Capital Management Inc. now owns 113,721 shares of the business services provider’s stock valued at $5,047,000 after purchasing an additional 67,105 shares during the period. Finally, Alta Capital Management LLC bought a new position in ExlService during the 4th quarter worth approximately $205,000. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

NASDAQ:EXLS opened at $46.16 on Friday. The company has a fifty day moving average of $48.51 and a 200-day moving average of $44.02. The firm has a market capitalization of $7.49 billion, a P/E ratio of 40.49, a P/E/G ratio of 2.11 and a beta of 1.10. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month 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 the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Needham & Company LLC raised their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Jefferies Financial Group raised their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus raised their price target on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.38.

Insider Buying and Selling at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction 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 sale, 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. In the last 90 days, insiders sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by corporate insiders.

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.