Castleark Management LLC Decreases Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Castleark Management LLC reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 152,050 shares of the business services provider’s stock after selling 6,410 shares during the period. Castleark Management LLC owned 0.09% of ExlService worth $6,748,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC grew its position 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 valued at $17,040,000 after purchasing an additional 171,912 shares in the last quarter. Park Avenue Securities LLC boosted its stake in ExlService by 46.9% in the 4th quarter. Park Avenue Securities LLC now owns 8,053 shares of the business services provider’s stock worth $357,000 after purchasing an additional 2,570 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in ExlService during the 4th quarter valued at about $206,000. UMB Bank n.a. increased its position in shares of ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after buying an additional 288 shares during the period. Finally, Koshinski Asset Management Inc. bought a new stake in shares of ExlService during the fourth quarter valued at about $380,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Jefferies Financial Group raised their price target on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Stifel Nicolaus boosted their price target on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Finally, 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 note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 25,000 shares of the 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 directly owns 135,046 shares in the company, valued at $6,226,971.06. This represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ajay Ayyappan sold 1,865 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total value of $90,116.80. Following the transaction, the executive vice president now owns 40,986 shares in the company, valued at approximately $1,980,443.52. The trade was a 4.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,003 shares of company stock worth $2,420,678 over the last three months. Company insiders own 4.04% of the company’s stock.

ExlService Stock Performance

NASDAQ:EXLS opened at $46.38 on Wednesday. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 2.11 and a beta of 0.86. The business has a 50 day moving average of $45.68 and a 200 day moving average of $46.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a 1-year low of $28.59 and a 1-year high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $501.02 million during the quarter, compared to analyst estimates of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. On average, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

ExlService 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.