Pictet Asset Management Holding SA Has $1.05 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Pictet Asset Management Holding SA lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,711 shares of the business services provider’s stock after buying an additional 3,425 shares during the period. Pictet Asset Management Holding SA’s holdings in ExlService were worth $1,052,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in ExlService by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock worth $699,925,000 after acquiring an additional 215,485 shares during the last quarter. State Street Corp increased its holdings in ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares during the period. Geode Capital Management LLC raised its position in ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after purchasing an additional 149,856 shares during the last quarter. Norges Bank acquired a new position in ExlService during the 4th quarter worth about $106,452,000. Finally, Handelsbanken Fonder AB grew its position in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after buying an additional 1,664,400 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the 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 sale, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. Corporate insiders own 4.16% of the company’s stock.

ExlService Stock Down 7.0 %

Shares of NASDAQ EXLS opened at $42.86 on Monday. ExlService Holdings, Inc. has a 12-month low of $28.59 and a 12-month high of $52.43. 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 $6.96 billion, a PE ratio of 37.60, a P/E/G ratio of 2.11 and a beta of 0.91. The company’s fifty day simple moving average is $48.48 and its 200 day simple moving average is $45.19.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share 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 firm had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.