Barclays PLC Sells 11,424 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Barclays PLC reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 435,181 shares of the business services provider’s stock after selling 11,424 shares during the quarter. Barclays PLC owned about 0.27% of ExlService worth $19,312,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EXLS. Next Century Growth Investors LLC lifted its holdings in ExlService by 0.9% during the 4th quarter. Next Century Growth Investors LLC now owns 416,567 shares of the business services provider’s stock worth $18,487,000 after purchasing an additional 3,670 shares during the last quarter. Bessemer Group Inc. increased its position in ExlService by 4.0% during the 4th quarter. Bessemer Group Inc. now owns 793,135 shares of the business services provider’s stock worth $35,199,000 after buying an additional 30,321 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of ExlService during the fourth quarter worth $52,852,000. Renaissance Group LLC boosted its position in shares of ExlService by 11.4% in the fourth quarter. Renaissance Group LLC now owns 119,407 shares of the business services provider’s stock valued at $5,299,000 after acquiring an additional 12,266 shares during the period. Finally, Invesco Ltd. grew its stake in shares of ExlService by 127.7% in the fourth quarter. Invesco Ltd. now owns 701,623 shares of the business services provider’s stock valued at $31,138,000 after acquiring an additional 393,439 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 4,989 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $50.70, for a total value of $252,942.30. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,077,990.20. This trade represents a 10.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction dated 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 owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock worth $2,337,284 over the last quarter. Corporate insiders own 4.16% of the company’s stock.

ExlService Price Performance

ExlService stock opened at $44.89 on Friday. The stock has a fifty day moving average of $46.92 and a 200-day moving average of $45.65. The stock has a market capitalization of $7.29 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS) last posted 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). The company had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EXLS shares. Jefferies Financial Group boosted their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Stifel Nicolaus increased their price target on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC lifted their price objective on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $48.86.

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.