Fuller & Thaler Asset Management Inc. Sells 21,250 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Fuller & Thaler Asset Management Inc. lessened its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,311,556 shares of the business services provider’s stock after selling 21,250 shares during the period. Fuller & Thaler Asset Management Inc. owned about 1.44% of ExlService worth $102,587,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Pinebridge Investments L.P. grew its position in ExlService by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 70,318 shares of the business services provider’s stock worth $3,121,000 after buying an additional 21,045 shares in the last quarter. Massar Capital Management LP acquired a new stake in shares of ExlService during the 4th quarter worth $1,370,000. Tower Research Capital LLC TRC grew its holdings in shares of ExlService by 38.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,141 shares of the business services provider’s stock worth $539,000 after purchasing an additional 3,357 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of ExlService by 7.3% in the fourth quarter. MetLife Investment Management LLC now owns 182,548 shares of the business services provider’s stock worth $8,101,000 after purchasing an additional 12,454 shares during the period. Finally, First Trust Advisors LP raised its stake in ExlService by 49.8% in the fourth quarter. First Trust Advisors LP now owns 173,239 shares of the business services provider’s stock valued at $7,688,000 after purchasing an additional 57,575 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $45.92, for a total value 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. Over the last 90 days, insiders have sold 47,351 shares of company stock worth $2,337,284. Company insiders own 4.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on EXLS shares. Stifel Nicolaus raised their target price on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Needham & Company LLC boosted their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. 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. Finally, StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and an average price target of $48.86.

ExlService Trading Up 0.2 %

NASDAQ EXLS opened at $43.40 on Wednesday. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 38.07, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $46.60 and its 200 day moving average is $45.71.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. As a group, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.