First Trust Advisors LP Sells 8,245 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Posted by Defense World Staff on May 28th, 2023

First Trust Advisors LP lessened its stake in ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 22.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,289 shares of the business services provider’s stock after selling 8,245 shares during the quarter. First Trust Advisors LP owned approximately 0.09% of ExlService worth $4,962,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of ExlService by 1.4% in the first quarter. BlackRock Inc. now owns 5,054,281 shares of the business services provider’s stock valued at $724,125,000 after purchasing an additional 67,935 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of ExlService by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,611,608 shares of the business services provider’s stock valued at $517,436,000 after purchasing an additional 45,534 shares in the last quarter. State Street Corp lifted its holdings in shares of ExlService by 0.6% in the second quarter. State Street Corp now owns 1,093,139 shares of the business services provider’s stock valued at $161,052,000 after purchasing an additional 6,862 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ExlService by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 806,824 shares of the business services provider’s stock valued at $118,893,000 after purchasing an additional 14,551 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of ExlService by 1.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 495,257 shares of the business services provider’s stock valued at $72,981,000 after purchasing an additional 6,310 shares in the last quarter. Institutional investors own 95.84% of the company’s stock.

Wall Street Analysts Forecast Growth

EXLS has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $200.00 target price on shares of ExlService in a report on Friday, March 3rd. StockNews.com began coverage on ExlService in a report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, Citigroup upgraded ExlService from a “sell” rating to a “neutral” rating and set a $160.00 price target on the stock in a report on Wednesday, March 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, ExlService has an average rating of “Moderate Buy” and a consensus target price of $180.00.

Insider Buying and Selling at ExlService

In other news, Director Andreas Fibig bought 600 shares of the stock in a transaction on Tuesday, February 28th. The shares were purchased at an average cost of $165.85 per share, for a total transaction of $99,510.00. Following the completion of the purchase, the director now directly owns 600 shares in the company, valued at approximately $99,510. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Anne Elizabeth Minto sold 557 shares of ExlService stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $152.74, for a total value of $85,076.18. Following the completion of the transaction, the director now directly owns 2,533 shares in the company, valued at $386,890.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andreas Fibig purchased 600 shares of ExlService stock in a transaction dated Tuesday, February 28th. The stock was bought at an average price of $165.85 per share, with a total value of $99,510.00. Following the completion of the transaction, the director now owns 600 shares of the company’s stock, valued at approximately $99,510. The disclosure for this purchase can be found here. Corporate insiders own 3.51% of the company’s stock.

ExlService Stock Performance

Shares of EXLS opened at $152.10 on Friday. The firm has a market cap of $5.06 billion, a PE ratio of 32.57, a PEG ratio of 1.81 and a beta of 1.00. The stock’s fifty day moving average price is $160.24 and its two-hundred day moving average price is $168.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 2.02. ExlService Holdings, Inc. has a 1 year low of $133.56 and a 1 year high of $191.18.

ExlService (NASDAQ:EXLS – Get Rating) last issued its earnings results on Thursday, February 23rd. The business services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. The firm had revenue of $374.70 million for the quarter, compared to analyst estimates of $361.14 million. ExlService had a return on equity of 23.43% and a net margin of 10.66%. On average, equities research analysts forecast that ExlService Holdings, Inc. will post 5.53 EPS for the current year.

About ExlService

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ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.