LPL Financial LLC Decreases Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

LPL Financial LLC trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 25.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,338 shares of the business services provider’s stock after selling 3,834 shares during the period. LPL Financial LLC’s holdings in ExlService were worth $1,882,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EXLS. Signaturefd LLC boosted its position in shares of ExlService by 56.0% during the third quarter. Signaturefd LLC now owns 170 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 61 shares in the last quarter. Bank of Montreal Can boosted its position in shares of ExlService by 1.2% during the fourth quarter. Bank of Montreal Can now owns 5,297 shares of the business services provider’s stock valued at $942,000 after purchasing an additional 65 shares in the last quarter. Ellevest Inc. boosted its position in shares of ExlService by 37.3% during the fourth quarter. Ellevest Inc. now owns 254 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 69 shares in the last quarter. Eaton Vance Management boosted its position in shares of ExlService by 0.3% during the third quarter. Eaton Vance Management now owns 27,716 shares of the business services provider’s stock valued at $4,085,000 after purchasing an additional 86 shares in the last quarter. Finally, State of Michigan Retirement System boosted its position in shares of ExlService by 1.2% during the fourth quarter. State of Michigan Retirement System now owns 8,400 shares of the business services provider’s stock valued at $1,423,000 after purchasing an additional 100 shares in the last quarter. 95.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ExlService

In related news, Director Anne Elizabeth Minto sold 557 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $152.74, for a total transaction of $85,076.18. Following the completion of the sale, the director now owns 2,533 shares in the company, valued at $386,890.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Andreas Fibig acquired 600 shares of ExlService stock in a transaction that occurred on Tuesday, February 28th. The stock was bought at an average price of $165.85 per share, for a total transaction of $99,510.00. Following the completion of the transaction, the director now owns 600 shares in the company, valued at $99,510. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne Elizabeth Minto sold 557 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $152.74, for a total value of $85,076.18. Following the sale, the director now owns 2,533 shares of the company’s stock, valued at approximately $386,890.42. The disclosure for this sale can be found here. Company insiders own 3.51% of the company’s stock.

ExlService Stock Down 1.4 %

EXLS stock opened at $155.25 on Wednesday. ExlService Holdings, Inc. has a 1-year low of $127.35 and a 1-year high of $191.18. The business has a fifty day moving average price of $160.23 and a 200-day moving average price of $168.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $5.16 billion, a P/E ratio of 33.24, a P/E/G ratio of 1.86 and a beta of 1.00.

ExlService (NASDAQ:EXLS – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The business services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.03. ExlService had a return on equity of 23.43% and a net margin of 10.66%. The firm had revenue of $374.70 million during the quarter, compared to analysts’ expectations of $361.14 million. Equities analysts forecast that ExlService Holdings, Inc. will post 5.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on EXLS. StockNews.com began coverage on ExlService in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Citigroup upgraded ExlService from a “sell” rating to a “neutral” rating and set a $160.00 price objective for the company in a research note on Wednesday, March 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $200.00 price objective on shares of ExlService in a research note on Friday, March 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.00.

ExlService Company Profile

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ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.