MetLife Investment Management LLC Sells 3,209 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

MetLife Investment Management LLC reduced its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 170,094 shares of the business services provider’s stock after selling 3,209 shares during the quarter. MetLife Investment Management LLC owned approximately 0.11% of ExlService worth $6,489,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EXLS. Mackenzie Financial Corp raised its position in ExlService by 3.2% during the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after purchasing an additional 233,108 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after acquiring an additional 1,618,003 shares during the last quarter. Geneva Capital Management LLC lifted its stake in shares of ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after acquiring an additional 87,592 shares during the period. Boston Trust Walden Corp boosted its holdings in ExlService by 1.2% in the second quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after acquiring an additional 46,302 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in ExlService by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock valued at $108,756,000 after purchasing an additional 88,759 shares during the period. Institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EXLS shares. JPMorgan Chase & Co. lifted their price objective on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC boosted their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird increased their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Trading Down 0.5 %

Shares of ExlService stock opened at $46.36 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $41.47 and a 200 day simple moving average of $35.88. ExlService Holdings, Inc. has a 12-month low of $28.00 and a 12-month high of $47.37. The company has a market capitalization of $7.46 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. During the same period last year, the firm earned $0.30 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the sale, the chief executive officer now owns 689,645 shares of the company’s stock, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by insiders.

ExlService Company 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.