Corebridge Financial Inc. Has $11.50 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Corebridge Financial Inc. trimmed its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 259,075 shares of the business services provider’s stock after selling 14,641 shares during the quarter. Corebridge Financial Inc.’s holdings in ExlService were worth $11,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Walleye Capital LLC bought a new position in ExlService in the third quarter valued at about $1,543,000. PEAK6 Investments LLC bought a new position in shares of ExlService in the 3rd quarter valued at about $484,000. Proficio Capital Partners LLC acquired a new stake in shares of ExlService during the 4th quarter worth approximately $8,682,000. Smith Group Asset Management LLC raised its stake in shares of ExlService by 1.9% during the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider’s stock worth $18,755,000 after buying an additional 7,694 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in ExlService by 28.0% in the third quarter. BNP Paribas Financial Markets now owns 230,410 shares of the business services provider’s stock valued at $8,790,000 after buying an additional 50,399 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Trading Up 1.5 %

NASDAQ EXLS opened at $47.20 on Wednesday. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market cap of $7.66 billion, a P/E ratio of 41.40, a P/E/G ratio of 2.11 and a beta of 1.10. The stock’s 50-day moving average is $48.72 and its 200-day moving average is $44.60.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS 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. Sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the 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 transaction, the executive vice president now owns 94,443 shares of the company’s stock, 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 ninety days, insiders sold 47,351 shares of company stock valued at $2,337,284. Company insiders own 4.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on EXLS shares. Stifel Nicolaus lifted 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 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. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Needham & Company LLC increased 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

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.