ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. cut its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 80.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,891 shares of the business services provider’s stock after selling 82,810 shares during the quarter. Balyasny Asset Management L.P.’s holdings in ExlService were worth $883,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of ExlService in the fourth quarter worth $8,682,000. Smith Group Asset Management LLC raised its holdings in shares of ExlService by 1.9% in the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider’s stock worth $18,755,000 after acquiring an additional 7,694 shares during the last quarter. Oak Ridge Investments LLC raised its holdings in shares of ExlService by 3.1% in the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider’s stock worth $14,697,000 after acquiring an additional 9,859 shares during the last quarter. Barclays PLC raised its holdings in shares of ExlService by 62.6% in the third quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after acquiring an additional 171,912 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of ExlService by 29.8% in the fourth quarter. KBC Group NV now owns 6,583 shares of the business services provider’s stock worth $292,000 after acquiring an additional 1,512 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Needham & Company LLC lifted their price objective on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group lifted their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus lifted 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.33.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the sale, the insider now owns 135,046 shares of the company’s stock, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,992 shares of company stock valued at $2,673,620. Company insiders own 4.16% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $45.64 on Thursday. The company has a market cap of $7.43 billion, a P/E ratio of 40.04, a P/E/G ratio of 2.11 and a beta of 0.86. 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 52 week low of $28.59 and a 52 week high of $52.43. The business has a fifty day simple moving average of $45.65 and a 200-day simple moving average of $46.38.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current 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.