ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 329,185 shares of the business services provider’s stock after selling 2,182 shares during the period. Legal & General Group Plc’s holdings in ExlService were worth $14,609,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in ExlService during the 4th quarter worth about $25,000. Kestra Investment Management LLC acquired a new stake in shares of ExlService during the fourth quarter worth about $26,000. VisionPoint Advisory Group LLC purchased a new stake in ExlService in the fourth quarter valued at approximately $58,000. USA Financial Formulas acquired a new position in ExlService in the 4th quarter worth approximately $58,000. Finally, UMB Bank n.a. raised 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 buying an additional 288 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Stifel Nicolaus lifted 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 cut ExlService from a “buy” rating to a “hold” rating in a report on Monday. Finally, Needham & Company LLC raised their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $48.86.

ExlService Trading Up 0.9 %

Shares of NASDAQ:EXLS opened at $45.89 on Wednesday. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 40.25, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The business’s 50 day moving average price is $47.29 and its 200-day moving average price is $45.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $475.68 million. On average, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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.