Bridgewater Associates LP Sells 7,543 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Bridgewater Associates LP trimmed its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 130,184 shares of the business services provider’s stock after selling 7,543 shares during the quarter. Bridgewater Associates LP’s holdings in ExlService were worth $5,778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of ExlService during the 4th quarter worth $25,000. Kestra Investment Management LLC bought a new stake in ExlService in the fourth quarter worth about $26,000. VisionPoint Advisory Group LLC bought a new stake in ExlService in the fourth quarter worth about $58,000. USA Financial Formulas purchased a new position in ExlService in the fourth quarter valued at about $58,000. Finally, UMB Bank n.a. grew its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 288 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analyst Ratings Changes

EXLS has been the topic of a number of research reports. Jefferies Financial Group lifted 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. Needham & Company LLC upped their price target on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a report on Monday. Finally, Stifel Nicolaus upped their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.86.

ExlService Stock Performance

NASDAQ:EXLS opened at $44.89 on Friday. ExlService Holdings, Inc. has a 52-week low of $28.59 and a 52-week high of $52.43. The business’s fifty day moving average is $47.17 and its 200 day moving average is $45.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (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 firm had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. Research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In related news, 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 transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock valued at $2,337,284 in the last three months. Company insiders own 4.16% of the company’s stock.

ExlService 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.