Wellington Management Group LLP Reduces Position in ExlService Holdings, Inc. (EXLS)

Wellington Management Group LLP reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,854,521 shares of the business services provider’s stock after selling 182,904 shares during the period. Wellington Management Group LLP owned 5.51% of ExlService Holdings worth $87,830,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EXLS. State of Alaska Department of Revenue boosted its position in ExlService Holdings by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,700 shares of the business services provider’s stock worth $175,000 after buying an additional 70 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in ExlService Holdings by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the business services provider’s stock valued at $644,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its stake in ExlService Holdings by 1.2% in the first quarter. Arizona State Retirement System now owns 17,492 shares of the business services provider’s stock valued at $828,000 after buying an additional 200 shares in the last quarter. Tyers Asset Management LLC increased its position in shares of ExlService Holdings by 2.1% in the first quarter. Tyers Asset Management LLC now owns 10,256 shares of the business services provider’s stock valued at $486,000 after buying an additional 208 shares during the last quarter. Finally, Elkfork Partners LLC increased its position in shares of ExlService Holdings by 2.1% in the first quarter. Elkfork Partners LLC now owns 14,102 shares of the business services provider’s stock valued at $668,000 after buying an additional 286 shares during the last quarter. Institutional investors and hedge funds own 95.03% of the company’s stock.

Institutional Ownership by Quarter for ExlService Holdings (NASDAQ:EXLS)

Shares of ExlService Holdings, Inc. (NASDAQ EXLS) traded down 0.53% on Tuesday, reaching $52.93. 29,201 shares of the company were exchanged. The stock has a 50 day moving average of $51.32 and a 200-day moving average of $48.42. ExlService Holdings, Inc. has a 52-week low of $42.00 and a 52-week high of $54.78. The company has a market capitalization of $1.78 billion, a P/E ratio of 28.30 and a beta of 1.36.

ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.14. The company had revenue of $183.03 million for the quarter, compared to analysts’ expectations of $176.96 million. ExlService Holdings had a net margin of 9.22% and a return on equity of 13.59%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. On average, analysts predict that ExlService Holdings, Inc. will post $2.57 EPS for the current fiscal year.

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Several equities research analysts have weighed in on the company. Zacks Investment Research raised ExlService Holdings from a “sell” rating to a “hold” rating in a research note on Friday, April 7th. Cowen and Company reissued an “outperform” rating and issued a $54.00 price objective on shares of ExlService Holdings in a research note on Tuesday, April 11th. Cantor Fitzgerald reissued a “buy” rating and issued a $50.00 price objective on shares of ExlService Holdings in a research note on Tuesday, February 28th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $50.00 price objective (up previously from $48.00) on shares of ExlService Holdings in a research note on Tuesday, May 23rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.00.

In other news, COO Pavan Bagai sold 9,000 shares of the business’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $46.67, for a total value of $420,030.00. Following the completion of the sale, the chief operating officer now directly owns 106,581 shares in the company, valued at $4,974,135.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rohit Kapoor sold 9,757 shares of the business’s stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $46.04, for a total transaction of $449,212.28. The disclosure for this sale can be found here. Insiders sold a total of 252,460 shares of company stock worth $12,129,623 in the last ninety days. Corporate insiders own 5.94% of the company’s stock.

ExlService Holdings Company Profile

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.

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