Headlands Technologies LLC Decreases Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Headlands Technologies LLC cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,069 shares of the business services provider’s stock after selling 534 shares during the period. Headlands Technologies LLC’s holdings in ExlService were worth $136,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its stake in shares of ExlService by 2.3% in the 3rd quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock valued at $597,000 after acquiring an additional 359 shares during the last quarter. Stifel Financial Corp lifted its position in ExlService by 38.1% in the third quarter. Stifel Financial Corp now owns 81,359 shares of the business services provider’s stock valued at $3,104,000 after purchasing an additional 22,435 shares during the last quarter. State Street Corp boosted its stake in shares of ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares during the period. Wolverine Trading LLC bought a new position in shares of ExlService in the third quarter worth approximately $327,000. Finally, Castleark Management LLC purchased a new position in shares of ExlService in the third quarter worth $6,045,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at $9,554,781.60. The trade was a 6.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the company’s 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 sale, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,351 shares of company stock worth $2,337,284. Corporate insiders own 4.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXLS. Needham & Company LLC raised their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group boosted their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.86.

ExlService Price Performance

EXLS stock opened at $42.86 on Friday. 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. The firm has a 50-day moving average of $48.48 and a 200 day moving average of $45.13. The company has a market cap of $6.96 billion, a P/E ratio of 37.60, a PEG ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $475.68 million. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

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.