Geode Capital Management LLC Sells 260,554 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Geode Capital Management LLC decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,065,957 shares of the business services provider’s stock after selling 260,554 shares during the quarter. Geode Capital Management LLC’s holdings in ExlService were worth $180,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXLS. Norges Bank purchased a new position in ExlService during the 4th quarter valued at about $106,452,000. Handelsbanken Fonder AB increased its stake in shares of ExlService by 313.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after buying an additional 1,664,400 shares during the period. Raymond James Financial Inc. bought a new position in shares of ExlService during the fourth quarter valued at approximately $52,852,000. Axiom Investors LLC DE purchased a new stake in ExlService in the fourth quarter worth $20,419,000. Finally, American Century Companies Inc. lifted its stake in ExlService by 204.2% in the fourth quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider’s stock worth $27,055,000 after acquiring an additional 409,242 shares during the period. 92.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EXLS shares. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Stifel Nicolaus increased their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC lifted their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.86.

ExlService Price Performance

NASDAQ EXLS opened at $42.86 on Monday. 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 business’s fifty day moving average is $48.48 and its 200 day moving average is $45.19. The company has a market capitalization of $6.96 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data 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. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $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 available through this link. Also, EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction dated 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 in the company, valued at $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 worth $2,337,284 in the last three months. 4.16% of the stock is owned by company insiders.

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.