Edgestream Partners L.P. Sells 82,044 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Edgestream Partners L.P. lowered its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 54.0% during the third quarter, HoldingsChannel.com reports. The fund owned 69,780 shares of the business services provider’s stock after selling 82,044 shares during the period. Edgestream Partners L.P.’s holdings in ExlService were worth $2,662,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of ExlService in the 3rd quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. grew its stake in ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after buying an additional 574 shares during the last quarter. Huntington National Bank increased its holdings in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after buying an additional 1,131 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 391 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of ExlService by 29.7% in the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Buying and Selling at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the sale, the chief executive officer now directly owns 689,645 shares in the company, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 426,458 shares of company stock valued at $18,720,514. Company insiders own 4.16% of the company’s stock.

ExlService Price Performance

Shares of EXLS opened at $46.09 on Tuesday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $7.41 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. The stock’s 50-day moving average price is $41.85 and its two-hundred day moving average price is $36.18. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year 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 for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same period last year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on EXLS shares. Needham & Company LLC lifted 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. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

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.