Macquarie Group Ltd. Sells 101,080 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Macquarie Group Ltd. lowered its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 12.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 740,599 shares of the business services provider’s stock after selling 101,080 shares during the period. Macquarie Group Ltd. owned approximately 2.18% of ExlService worth $43,192,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC boosted its holdings in ExlService by 6.8% in the 3rd quarter. SG Americas Securities LLC now owns 13,459 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 862 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of ExlService by 209.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 19,503 shares of the business services provider’s stock worth $1,137,000 after acquiring an additional 13,200 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of ExlService by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 477,217 shares of the business services provider’s stock worth $27,831,000 after acquiring an additional 15,451 shares during the period. Rhumbline Advisers lifted its holdings in shares of ExlService by 2.1% during the 3rd quarter. Rhumbline Advisers now owns 74,337 shares of the business services provider’s stock worth $4,335,000 after acquiring an additional 1,555 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of ExlService by 64.9% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,782 shares of the business services provider’s stock worth $2,028,000 after acquiring an additional 13,690 shares during the period. 95.73% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Rohit Kapoor sold 42,118 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $58.96, for a total transaction of $2,483,277.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nalin Kumar Miglani sold 3,526 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $60.37, for a total transaction of $212,864.62. The disclosure for this sale can be found here. Insiders have sold 399,689 shares of company stock worth $23,382,485 over the last three months. 5.80% of the stock is owned by insiders.

ExlService Holdings, Inc. (NASDAQ:EXLS) traded up $0.40 during trading hours on Thursday, reaching $61.07. 99,815 shares of the company’s stock were exchanged, compared to its average volume of 158,089. ExlService Holdings, Inc. has a 1-year low of $44.25 and a 1-year high of $62.99. The firm has a market capitalization of $2,080.00, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.08 and a beta of 1.26. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.81 and a quick ratio of 3.81.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The firm had revenue of $192.30 million for the quarter, compared to analyst estimates of $191.20 million. During the same period last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. research analysts forecast that ExlService Holdings, Inc. will post 2.12 EPS for the current year.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Wedbush reissued a “neutral” rating and issued a $63.00 price objective on shares of ExlService in a research note on Wednesday, August 9th. ValuEngine downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Cantor Fitzgerald restated a “buy” rating and issued a $64.00 price target on shares of ExlService in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of ExlService from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $62.33.

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About ExlService

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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