ExlService Holdings, Inc. (EXLS) Stake Decreased by Riverbridge Partners LLC

Riverbridge Partners LLC lowered its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 810,175 shares of the business services provider’s stock after selling 41,973 shares during the quarter. Riverbridge Partners LLC’s holdings in ExlService were worth $42,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in EXLS. Huntington National Bank lifted its stake in ExlService by 609.3% during the third quarter. Huntington National Bank now owns 1,596 shares of the business services provider’s stock worth $106,000 after purchasing an additional 1,371 shares during the last quarter. We Are One Seven LLC bought a new stake in ExlService in the third quarter valued at $351,000. Capital Management Associates NY bought a new stake in ExlService in the third quarter valued at $430,000. Atria Investments LLC lifted its stake in ExlService by 23.0% in the third quarter. Atria Investments LLC now owns 6,990 shares of the business services provider’s stock valued at $463,000 after buying an additional 1,306 shares during the last quarter. Finally, OLD National Bancorp IN bought a new stake in ExlService in the third quarter valued at $525,000. 93.16% of the stock is owned by institutional investors and hedge funds.

EXLS has been the topic of a number of recent research reports. BidaskClub upgraded ExlService from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 19th. Barrington Research reiterated a “buy” rating and issued a $70.00 target price on shares of ExlService in a research note on Tuesday, September 25th. Zacks Investment Research upgraded ExlService from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. ValuEngine cut ExlService from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Wedbush reissued a “neutral” rating on shares of ExlService in a report on Wednesday, November 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. ExlService has a consensus rating of “Hold” and an average target price of $65.20.

In related news, Director Clyde W. Ostler sold 3,231 shares of ExlService stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $58.10, for a total transaction of $187,721.10. Following the transaction, the director now directly owns 12,461 shares of the company’s stock, valued at $723,984.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Garen K. Staglin bought 1,854 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were purchased at an average cost of $55.65 per share, for a total transaction of $103,175.10. Following the completion of the acquisition, the director now owns 16,992 shares of the company’s stock, valued at $945,604.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 15,853 shares of company stock worth $876,632. 4.40% of the stock is owned by corporate insiders.

Shares of EXLS traded up $0.34 during trading hours on Monday, reaching $54.21. 2,364 shares of the company’s stock traded hands, compared to its average volume of 99,425. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.70 and a beta of 1.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.28 and a current ratio of 3.28. ExlService Holdings, Inc. has a twelve month low of $44.29 and a twelve month high of $67.06.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.71 EPS for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $231.12 million for the quarter, compared to analyst estimates of $231.49 million. ExlService had a return on equity of 13.96% and a net margin of 5.14%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Analysts forecast that ExlService Holdings, Inc. will post 2.23 EPS for the current fiscal year.

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About ExlService

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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