Wellington Management Group LLP Sells 273,640 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Wellington Management Group LLP trimmed its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,050,157 shares of the business services provider’s stock after selling 273,640 shares during the quarter. Wellington Management Group LLP owned 1.27% of ExlService worth $90,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in ExlService in the 4th quarter worth $106,452,000. Handelsbanken Fonder AB grew its position in ExlService by 313.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after buying an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. bought a new position in ExlService during the fourth quarter valued at about $52,852,000. American Century Companies Inc. increased its stake in ExlService by 204.2% during the fourth quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider’s stock valued at $27,055,000 after acquiring an additional 409,242 shares during the period. Finally, Vanguard Group Inc. raised its holdings in ExlService by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock valued at $699,925,000 after acquiring an additional 215,485 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at ExlService

In other ExlService news, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares in the company, 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. Insiders sold 47,351 shares of company stock valued at $2,337,284 over the last ninety days. 4.16% of the stock is owned by insiders.

ExlService Price Performance

Shares of ExlService stock opened at $42.86 on Friday. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The firm’s 50-day moving average price is $48.48 and its two-hundred day moving average price is $45.07. 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 stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 37.60, a P/E/G ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last released 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). The business had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.