ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 12.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 643,830 shares of the business services provider’s stock after selling 94,880 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.40% of ExlService worth $28,573,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EXLS. Mackenzie Financial Corp grew its position in shares of ExlService by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after acquiring an additional 233,108 shares in the last quarter. State Street Corp raised its position in shares of ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after purchasing an additional 59,196 shares during the period. Geneva Capital Management LLC lifted its holdings in shares of ExlService by 1.9% in the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after purchasing an additional 87,592 shares during the last quarter. Geode Capital Management LLC boosted its position in ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after purchasing an additional 149,856 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in ExlService by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock worth $104,810,000 after buying an additional 21,358 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXLS has been the subject of several recent research reports. Citigroup upped their price target on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Needham & Company LLC boosted their price objective on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird boosted their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and an average price target of $45.00.

Insider Transactions at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00. Following the completion of the transaction, the chief executive officer now owns 1,190,240 shares in the company, valued at $50,073,396.80. This trade represents a 7.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the business’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 approximately $642,249. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,458 shares of company stock valued at $18,720,514 in the last three months. 4.16% of the stock is currently owned by corporate insiders.

ExlService Trading Up 0.1 %

Shares of EXLS stock opened at $49.77 on Thursday. The stock has a 50-day simple moving average of $45.74 and a 200 day simple moving average of $40.16. The stock has a market capitalization of $8.01 billion, a P/E ratio of 43.66, a P/E/G ratio of 1.97 and a beta of 1.02. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $50.11. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data 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 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 analysts’ expectations of $460.73 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. On average, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

ExlService Company 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.