ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. cut its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 13.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the business services provider’s stock after selling 4,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in ExlService were worth $954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in ExlService by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 17,015,630 shares of the business services provider’s stock valued at $524,932,000 after buying an additional 180,928 shares in the last quarter. PNC Financial Services Group Inc. increased its position in ExlService by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,867 shares of the business services provider’s stock worth $520,000 after purchasing an additional 702 shares during the last quarter. Bridge City Capital LLC raised its stake in ExlService by 0.8% during the first quarter. Bridge City Capital LLC now owns 107,129 shares of the business services provider’s stock worth $3,407,000 after purchasing an additional 837 shares during the period. Compass Ion Advisors LLC boosted its holdings in ExlService by 20.5% in the 1st quarter. Compass Ion Advisors LLC now owns 26,163 shares of the business services provider’s stock valued at $832,000 after purchasing an additional 4,450 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in ExlService by 24.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 70,296 shares of the business services provider’s stock valued at $2,235,000 after purchasing an additional 13,742 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Trading Down 0.2 %

Shares of EXLS traded down $0.07 during midday trading on Friday, hitting $40.40. 879,516 shares of the stock were exchanged, compared to its average volume of 948,761. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45. The firm has a market cap of $6.77 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.05 and a beta of 1.00. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $40.77. The stock has a fifty day simple moving average of $37.02 and a 200 day simple moving average of $33.14.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. ExlService’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. On average, research analysts anticipate that ExlService Holdings, Inc. will post 1.28 EPS for the current fiscal year.

Insider Activity at ExlService

In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at $51,401,471.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the sale, the chief executive officer now owns 1,509,588 shares in the company, valued at $51,401,471.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anita Mahon sold 25,670 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the sale, the executive vice president now directly owns 68,857 shares in the company, valued at $2,444,423.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,875 shares of company stock worth $4,716,859. Corporate insiders own 3.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on EXLS. JPMorgan Chase & Co. lifted their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of ExlService in a research note on Friday, August 2nd. Citigroup upped their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Robert W. Baird increased their price target on ExlService from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $42.00 in a report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and an average price target of $40.86.

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.