Quantbot Technologies LP Sells 42,903 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Quantbot Technologies LP lowered its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 51.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,216 shares of the business services provider’s stock after selling 42,903 shares during the period. Quantbot Technologies LP’s holdings in ExlService were worth $1,829,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of EXLS. Envestnet Portfolio Solutions Inc. boosted its stake in ExlService by 1.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider’s stock valued at $633,000 after buying an additional 214 shares in the last quarter. Kensington Investment Counsel LLC boosted its stake in ExlService by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider’s stock valued at $1,740,000 after buying an additional 282 shares in the last quarter. UMB Bank n.a. boosted its stake in ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after buying an additional 288 shares in the last quarter. Dakota Wealth Management boosted its stake in ExlService by 5.0% in the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock valued at $288,000 after buying an additional 311 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in ExlService by 2.3% in the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock valued at $597,000 after buying an additional 359 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on EXLS. Stifel Nicolaus raised their price objective on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Jefferies Financial Group raised their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC raised their price objective on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

ExlService Trading Down 0.2 %

Shares of EXLS stock opened at $46.34 on Monday. The company has a market cap of $7.52 billion, a P/E ratio of 40.65, a PEG ratio of 2.11 and a beta of 1.10. The stock has a 50 day simple moving average of $48.69 and a two-hundred day simple moving average of $44.44. 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 fifty-two week low of $28.16 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million for 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%. Research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity

In other news, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService 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 transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock worth $2,337,284 over the last quarter. 4.16% of the stock is currently owned by corporate insiders.

ExlService Company 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.