Headlands Technologies LLC Decreases Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Headlands Technologies LLC decreased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,069 shares of the business services provider’s stock after selling 534 shares during the period. Headlands Technologies LLC’s holdings in ExlService were worth $136,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXLS. Proficio Capital Partners LLC bought a new stake in shares of ExlService in the 4th quarter worth approximately $8,682,000. Smith Group Asset Management LLC increased its position in ExlService by 1.9% in 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. Oak Ridge Investments LLC raised its stake in shares of ExlService by 3.1% in the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider’s stock valued at $14,697,000 after buying an additional 9,859 shares during the period. MML Investors Services LLC lifted its position in shares of ExlService by 23.2% during the 3rd quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider’s stock valued at $397,000 after buying an additional 1,959 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of ExlService by 62.6% during the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after acquiring an additional 171,912 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Stifel Nicolaus upped their price target on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Jefferies Financial Group boosted their target price on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price of $48.86.

ExlService Stock Performance

NASDAQ EXLS opened at $42.86 on Friday. The company’s 50 day simple moving average is $48.48 and its two-hundred day simple moving average is $45.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43. The stock has a market capitalization of $6.96 billion, a PE ratio of 37.60, a P/E/G ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. Analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction dated 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 owns 40,986 shares in the company, valued at $2,110,779. The trade was a 28.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by corporate insiders.

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.