Point72 Hong Kong Ltd Has $35,000 Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Point72 Hong Kong Ltd reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 97.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 907 shares of the business services provider’s stock after selling 34,541 shares during the period. Point72 Hong Kong Ltd’s holdings in ExlService were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eventide Asset Management LLC acquired a new stake in ExlService in the third quarter valued at approximately $2,858,000. Walleye Capital LLC acquired a new stake in shares of ExlService during the 3rd quarter valued at $1,543,000. PEAK6 Investments LLC bought a new stake in ExlService during the 3rd quarter worth $484,000. BNP Paribas Financial Markets increased its holdings in ExlService by 28.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 230,410 shares of the business services provider’s stock worth $8,790,000 after purchasing an additional 50,399 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in ExlService by 106.3% in the third quarter. Quantbot Technologies LP now owns 84,119 shares of the business services provider’s stock valued at $3,209,000 after purchasing an additional 43,344 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Activity at ExlService

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the sale, the chief executive officer now directly owns 1,290,240 shares of the company’s stock, valued at $53,480,448. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EXLS has been the subject of several recent research reports. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Robert W. Baird upped their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. 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. Finally, Needham & Company LLC lifted their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.86.

ExlService Trading Down 0.3 %

NASDAQ EXLS opened at $45.97 on Wednesday. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $47.37. The business has a 50 day moving average price of $42.03 and a 200-day moving average price of $36.28. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 2.24 and a beta of 1.01.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 earnings per share 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 firm had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. As a group, equities 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.