FourThought Financial Partners LLC Sells 732 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

FourThought Financial Partners LLC cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,564 shares of the business services provider’s stock after selling 732 shares during the quarter. FourThought Financial Partners LLC’s holdings in ExlService were worth $735,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EXLS. Algert Global LLC increased its holdings in shares of ExlService by 18.0% in the third quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after purchasing an additional 22,970 shares during the last quarter. Quest Partners LLC lifted its stake in shares of ExlService by 196.8% during the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock worth $2,671,000 after buying an additional 46,422 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of ExlService by 4.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock worth $27,163,000 after buying an additional 29,510 shares during the period. Assetmark Inc. grew its stake in ExlService by 107,991.3% in the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock valued at $948,000 after buying an additional 24,838 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in ExlService in the 3rd quarter valued at about $1,543,000. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Robert W. Baird upped their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. 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. Finally, StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.00.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the transaction, the executive vice president now owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,928 shares of company stock valued at $1,762,344. Company insiders own 4.16% of the company’s stock.

ExlService Stock Performance

NASDAQ:EXLS opened at $48.70 on Wednesday. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 2.11 and a beta of 1.03. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a fifty day moving average price of $47.89 and a 200-day moving average price of $43.02.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS 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.