ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,761,466 shares of the business services provider’s stock after selling 19,729 shares during the quarter. JPMorgan Chase & Co.’s holdings in ExlService were worth $211,314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXLS. Mather Group LLC. acquired a new stake in ExlService during the 4th quarter valued at approximately $25,000. Kestra Investment Management LLC purchased a new position in shares of ExlService during the fourth quarter worth $26,000. USA Financial Formulas acquired a new position in ExlService during the fourth quarter valued at $58,000. VisionPoint Advisory Group LLC purchased a new stake in ExlService in the fourth quarter valued at $58,000. Finally, UMB Bank n.a. grew its position in ExlService by 17.6% during the 4th 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 and hedge funds own 92.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EXLS. Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. 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. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Finally, Needham & Company LLC lifted their target price on shares of ExlService from $50.00 to $60.00 and gave the company 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

ExlService Price Performance

ExlService stock opened at $47.21 on Tuesday. The stock has a market capitalization of $7.66 billion, a P/E ratio of 41.41, a P/E/G ratio of 2.11 and a beta of 1.10. The company’s fifty day moving average price is $48.74 and its 200 day moving average price is $44.91. 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 1 year low of $28.16 and a 1 year high of $52.43.

ExlService (NASDAQ:EXLS) last released its 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). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $481.43 million for the quarter, compared to analysts’ expectations of $475.68 million. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 1,865 shares of the 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 completion of the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $1,980,443.52. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock valued at $2,337,284 over the last quarter. 4.16% of the stock is currently owned by 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.