MeadowBrook Investment Advisors LLC Sells 2,095 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

MeadowBrook Investment Advisors LLC lessened its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 23.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,680 shares of the business services provider’s stock after selling 2,095 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in ExlService were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EXLS. State Street Corp increased its stake in shares of ExlService by 1.0% in the 3rd 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 last quarter. Geneva Capital Management LLC increased its stake in shares of ExlService by 1.9% in the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after purchasing an additional 87,592 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after purchasing an additional 149,856 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of ExlService by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock valued at $104,810,000 after purchasing an additional 21,358 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of ExlService by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock valued at $82,448,000 after acquiring an additional 9,775 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

EXLS stock opened at $51.03 on Wednesday. The stock has a 50-day moving average price of $47.09 and a 200-day moving average price of $41.89. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $8.21 billion, a PE ratio of 44.76, a price-to-earnings-growth ratio of 2.17 and a beta of 1.03.

Analysts Set New Price Targets

Several research firms recently weighed in on EXLS. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Needham & Company LLC lifted their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird lifted their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Transactions at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the sale, the director now directly owns 14,580 shares of the company’s stock, valued at $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.16% of the company’s stock.

ExlService 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.