Mitsubishi UFJ Asset Management UK Ltd. Reduces Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

by · The Cerbat Gem

Mitsubishi UFJ Asset Management UK Ltd. cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) by 13.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,000 shares of the business services provider’s stock after selling 4,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in ExlService were worth $954,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its stake in ExlService by 18.2% in the 1st quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock worth $8,174,000 after purchasing an additional 39,537 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of ExlService during the first quarter valued at $19,417,000. Vanguard Group Inc. grew its holdings in shares of ExlService by 0.9% during the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock valued at $546,208,000 after buying an additional 160,723 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of ExlService in the 1st quarter valued at $4,501,000. Finally, Bessemer Group Inc. lifted its position in ExlService by 7.8% during the 1st quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider’s stock worth $20,030,000 after acquiring an additional 45,336 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded down $0.07 during trading on Friday, hitting $40.40. 879,516 shares of the stock traded hands, compared to its average volume of 948,761. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $37.02 and a two-hundred day moving average price of $33.14. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $40.77. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 2.05 and a beta of 1.00.

ExlService (NASDAQ:EXLS – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The business had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts predict that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup increased their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of ExlService in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Robert W. Baird raised their target price on shares of ExlService from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $42.00 in a research report on Monday, September 9th. 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.86.

Check Out Our Latest Stock Report on EXLS

Insider Buying and Selling at ExlService

In other news, insider Vivek Jetley sold 2,015 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total transaction of $72,036.25. Following the completion of the transaction, the insider now directly owns 326,642 shares of the company’s stock, valued at $11,677,451.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Rohit Kapoor sold 40,000 shares of ExlService stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vivek Jetley sold 2,015 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total value of $72,036.25. Following the sale, the insider now owns 326,642 shares of the company’s stock, valued at approximately $11,677,451.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,875 shares of company stock valued at $4,716,859. Company insiders own 3.75% of the company’s stock.

ExlService Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding EXLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report).