Leeward Investments LLC MA Decreases Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Leeward Investments LLC MA cut its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 360,620 shares of the business services provider’s stock after selling 2,838 shares during the quarter. Leeward Investments LLC MA’s holdings in ExlService were worth $11,125,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in shares of ExlService during the 3rd quarter valued at $29,000. Public Employees Retirement System of Ohio grew its position in shares of ExlService by 439.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 857 shares during the period. Operose Advisors LLC bought a new stake in shares of ExlService during the 3rd quarter valued at $38,000. RiverPark Advisors LLC grew its position in shares of ExlService by 65.2% during the 4th quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 503 shares during the period. Finally, GAMMA Investing LLC bought a new stake in shares of ExlService during the 4th quarter valued at $43,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXLS has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of ExlService in a report on Friday, March 1st. TD Cowen upped their target price on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Citigroup dropped their target price on shares of ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a report on Monday. Finally, StockNews.com downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.14.

Insider Buying and Selling

In other news, EVP Vikas Bhalla sold 23,760 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now directly owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other ExlService news, EVP Vikas Bhalla sold 23,760 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total value of $748,677.60. Following the completion of the sale, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by corporate insiders.

ExlService Price Performance

Shares of NASDAQ EXLS traded up $0.05 during mid-day trading on Friday, hitting $29.36. 620,191 shares of the company’s stock traded hands, compared to its average volume of 963,915. The company’s 50-day moving average is $30.67 and its two-hundred day moving average is $29.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market capitalization of $4.87 billion, a P/E ratio of 26.84, a PEG ratio of 1.54 and a beta of 0.97. ExlService Holdings, Inc. has a 1 year low of $25.17 and a 1 year high of $35.94.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). ExlService had a return on equity of 22.83% and a net margin of 11.32%. The firm had revenue of $414.06 million during the quarter, compared to analysts’ expectations of $408.56 million. On average, equities analysts anticipate that ExlService Holdings, Inc. will post 1.3 EPS for the current fiscal year.

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.