NFJ Investment Group LLC Has $8.15 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

NFJ Investment Group LLC decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 10.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 213,613 shares of the business services provider’s stock after selling 24,130 shares during the period. NFJ Investment Group LLC’s holdings in ExlService were worth $8,149,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. William Blair Investment Management LLC grew its position in ExlService by 46.5% during the 2nd quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after acquiring an additional 1,618,003 shares during the last quarter. Fiera Capital Corp boosted its stake in ExlService by 497.8% in the third quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock worth $30,549,000 after purchasing an additional 666,805 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of ExlService by 1,216.2% during the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock worth $20,231,000 after purchasing an additional 490,000 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of ExlService in the third quarter valued at $17,198,000. Finally, Mackenzie Financial Corp increased its stake in shares of ExlService by 3.2% in the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after buying an additional 233,108 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Insider Activity

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 426,458 shares of company stock worth $18,720,514 in the last 90 days. Corporate insiders own 4.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Citigroup increased their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Needham & Company LLC increased their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.86.

ExlService Stock Performance

Shares of ExlService stock opened at $45.97 on Wednesday. The firm has a fifty day moving average of $42.03 and a two-hundred day moving average of $36.28. 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 stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.24 and a beta of 1.01. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $47.37.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. During the same period in the previous year, the company earned $0.30 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS 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.