JPMorgan Chase & Co. Reduces Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

JPMorgan Chase & Co. decreased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,761,466 shares of the business services provider’s stock after selling 19,729 shares during the period. JPMorgan Chase & Co. owned about 2.96% of ExlService worth $211,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EXLS. BNP Paribas Financial Markets increased its stake in ExlService by 28.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 230,410 shares of the business services provider’s stock worth $8,790,000 after buying an additional 50,399 shares during the period. PEAK6 Investments LLC purchased a new position in shares of ExlService during the third quarter worth approximately $484,000. Walleye Capital LLC bought a new stake in shares of ExlService during the third quarter valued at approximately $1,543,000. Quantinno Capital Management LP boosted its holdings in shares of ExlService by 2.3% in the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock valued at $597,000 after purchasing an additional 359 shares during the period. Finally, Stifel Financial Corp increased its holdings in ExlService by 38.1% during the 3rd quarter. Stifel Financial Corp now owns 81,359 shares of the business services provider’s stock worth $3,104,000 after purchasing an additional 22,435 shares during the period. 92.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EXLS. Jefferies Financial Group upped 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. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Needham & Company LLC boosted their price target on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.38.

ExlService Stock Performance

Shares of ExlService stock opened at $47.21 on Tuesday. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. The company has a market capitalization of $7.66 billion, a PE ratio of 41.41, a P/E/G ratio of 2.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The company has a 50-day simple moving average of $48.74 and a two-hundred day simple moving average of $44.91.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $481.43 million for the quarter, compared to analysts’ expectations of $475.68 million. Research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were 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 approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock valued at $2,337,284 in the last quarter. 4.16% of the stock is currently owned by corporate insiders.

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.