HighTower Advisors LLC Sells 1,417 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

HighTower Advisors LLC cut its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,087 shares of the business services provider’s stock after selling 1,417 shares during the quarter. HighTower Advisors LLC’s holdings in ExlService were worth $2,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. William Blair Investment Management LLC grew its stake in shares of ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after buying an additional 1,618,003 shares during the last quarter. Fiera Capital Corp grew its position in ExlService by 497.8% during the 3rd quarter. Fiera Capital Corp now owns 800,763 shares of the business services provider’s stock worth $30,549,000 after acquiring an additional 666,805 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in ExlService by 1,216.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock worth $20,231,000 after purchasing an additional 490,000 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in ExlService in the third quarter valued at about $17,198,000. Finally, Mackenzie Financial Corp raised its position in ExlService by 3.2% in the second quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after purchasing an additional 233,108 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Price Performance

EXLS stock opened at $45.93 on Friday. 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 firm has a market cap of $7.39 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 2.26 and a beta of 1.01. The company’s fifty day simple moving average is $43.33 and its 200 day simple moving average is $37.06. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $47.37.

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, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 426,458 shares of company stock worth $18,720,514. Corporate insiders own 4.16% of the company’s stock.

Analyst Ratings Changes

EXLS has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Citigroup upped their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

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.