ExlService Holdings, Inc. (NASDAQ:EXLS) Stake Reduced by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 427,043 shares of the business services provider’s stock after selling 123,421 shares during the quarter. Federated Hermes Inc. owned about 0.26% of ExlService worth $13,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in ExlService by 402.9% in the third quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock worth $472,045,000 after acquiring an additional 13,487,495 shares in the last quarter. FMR LLC raised its position in ExlService by 407.4% in the third quarter. FMR LLC now owns 9,605,650 shares of the business services provider’s stock worth $269,342,000 after acquiring an additional 7,712,359 shares in the last quarter. Wellington Management Group LLP raised its position in ExlService by 367.2% in the third quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock worth $242,251,000 after acquiring an additional 6,790,373 shares in the last quarter. Mackenzie Financial Corp raised its position in ExlService by 4.5% in the fourth quarter. Mackenzie Financial Corp now owns 6,813,597 shares of the business services provider’s stock worth $210,199,000 after acquiring an additional 291,734 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in ExlService by 400.0% in the third quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider’s stock worth $123,146,000 after acquiring an additional 3,513,403 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now directly owns 50,693 shares in the company, valued at approximately $1,601,391.87. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now directly owns 50,693 shares in the company, valued at approximately $1,601,391.87. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Vikas Bhalla sold 23,760 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total value of $748,677.60. Following the completion of the sale, the executive vice president now owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is owned by corporate insiders.

ExlService Trading Up 0.9 %

NASDAQ:EXLS opened at $29.59 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $35.94. The stock’s 50-day moving average is $30.72 and its two-hundred day moving average is $29.82. The stock has a market cap of $4.91 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.53 and a beta of 0.97.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. ExlService had a net margin of 11.32% and a return on equity of 22.83%. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXLS. Citigroup dropped their price target on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of ExlService in a research note on Friday, March 1st. TD Cowen lifted their price target on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and an average target price of $36.14.

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.