Bank of New York Mellon Corp lessened its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 471,205 shares of the business services provider’s stock after selling 6,012 shares during the quarter. Bank of New York Mellon Corp owned about 1.39% of ExlService worth $28,437,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LS Investment Advisors LLC lifted its stake in shares of ExlService by 110.6% in the 4th quarter. LS Investment Advisors LLC now owns 2,414 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 1,268 shares during the last quarter. Dean Capital Investments Management LLC bought a new stake in shares of ExlService in the 4th quarter valued at approximately $206,000. ETRADE Capital Management LLC bought a new stake in shares of ExlService in the 3rd quarter valued at approximately $216,000. Polen Capital Management LLC bought a new stake in shares of ExlService in the 4th quarter valued at approximately $221,000. Finally, Sawgrass Asset Management LLC bought a new stake in shares of ExlService in the 3rd quarter valued at approximately $255,000. Institutional investors and hedge funds own 92.51% of the company’s stock.
Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) opened at $59.14 on Friday. ExlService Holdings, Inc. has a one year low of $44.88 and a one year high of $64.34. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2,029.32, a P/E ratio of 42.55, a P/E/G ratio of 1.71 and a beta of 1.16.
Several research firms have recently issued reports on EXLS. BidaskClub raised ExlService from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. ValuEngine raised ExlService from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Cowen lowered ExlService from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 1st. William Blair reaffirmed an “outperform” rating on shares of ExlService in a research note on Tuesday, February 27th. Finally, Barrington Research lowered their price objective on ExlService from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.50.
In other ExlService news, EVP Villa Rembert De sold 3,428 shares of ExlService stock in a transaction on Friday, February 16th. The stock was sold at an average price of $60.01, for a total transaction of $205,714.28. Following the completion of the sale, the executive vice president now directly owns 9,335 shares of the company’s stock, valued at approximately $560,193.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vishal Chhibbar sold 3,000 shares of ExlService stock in a transaction on Friday, January 19th. The shares were sold at an average price of $63.90, for a total value of $191,700.00. Following the sale, the chief financial officer now directly owns 3,000 shares of the company’s stock, valued at $191,700. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,014 shares of company stock valued at $1,026,173. 5.80% of the stock is currently owned by corporate insiders.
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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