Point72 Asia Singapore Pte. Ltd. Sells 4,981 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 86.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 812 shares of the business services provider’s stock after selling 4,981 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in ExlService were worth $36,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXLS. Barclays PLC increased its holdings in ExlService by 62.6% in the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after buying an additional 171,912 shares in the last quarter. Park Avenue Securities LLC increased its holdings in ExlService by 46.9% in the 4th quarter. Park Avenue Securities LLC now owns 8,053 shares of the business services provider’s stock worth $357,000 after buying an additional 2,570 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in ExlService in the 4th quarter worth about $206,000. UMB Bank n.a. increased its holdings in ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after buying an additional 288 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in ExlService in the 4th quarter worth about $380,000. 92.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EXLS shares. Stifel Nicolaus lifted their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on shares of ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Needham & Company LLC upped their price target 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. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Finally, Jefferies Financial Group upped their price target on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.33.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 4,989 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at approximately $2,077,990.20. This represents a 10.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the sale, the insider now directly owns 135,046 shares of the company’s stock, valued at $6,226,971.06. This represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,992 shares of company stock valued at $2,673,620. 4.04% of the stock is owned by corporate insiders.

ExlService Price Performance

NASDAQ EXLS opened at $46.29 on Tuesday. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. The firm has a market capitalization of $7.53 billion, a P/E ratio of 40.61, a PEG ratio of 2.11 and a beta of 0.86. 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 company has a 50-day moving average price of $45.66 and a 200-day moving average price of $46.58.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $501.02 million during the quarter, compared to analyst estimates of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.