Bridgewater Associates LP Has $5.78 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Bridgewater Associates LP cut its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,184 shares of the business services provider’s stock after selling 7,543 shares during the quarter. Bridgewater Associates LP owned 0.08% of ExlService worth $5,778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXLS. FMR LLC increased its stake in ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after acquiring an additional 2,647,937 shares during the last quarter. Norges Bank acquired a new stake in shares of ExlService in the 4th quarter valued at $106,452,000. Handelsbanken Fonder AB increased its stake in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after purchasing an additional 1,664,400 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of ExlService during the 4th quarter worth $52,852,000. Finally, Axiom Investors LLC DE acquired a new stake in ExlService in the fourth quarter valued at about $20,419,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXLS has been the subject of several research analyst reports. Stifel Nicolaus boosted their target price on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group boosted their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC increased their price target on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.86.

ExlService Stock Performance

Shares of ExlService stock opened at $44.89 on Friday. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a twelve month low of $28.59 and a twelve month high of $52.43. The company’s fifty day moving average is $47.17 and its 200 day moving average is $45.51.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million during 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%. Sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Transactions at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,351 shares of company stock worth $2,337,284. Company insiders own 4.16% of the company’s stock.

ExlService Company 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.