Alliancebernstein L.P. Has $15.03 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Alliancebernstein L.P. lowered its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 338,558 shares of the business services provider’s stock after selling 2,845 shares during the period. Alliancebernstein L.P.’s holdings in ExlService were worth $15,025,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EXLS. Axiom Investors LLC DE acquired a new stake in shares of ExlService during the fourth quarter worth approximately $20,419,000. Schroder Investment Management Group increased its holdings in ExlService by 6.9% during the 4th quarter. Schroder Investment Management Group now owns 679,837 shares of the business services provider’s stock valued at $30,090,000 after purchasing an additional 43,940 shares in the last quarter. Intrust Bank NA acquired a new stake in ExlService during the 4th quarter valued at $221,000. Orion Portfolio Solutions LLC raised its position in ExlService by 16.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 29,203 shares of the business services provider’s stock valued at $1,296,000 after purchasing an additional 4,052 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of ExlService by 16.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 23,711 shares of the business services provider’s stock worth $1,052,000 after purchasing an additional 3,425 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Stock Down 0.9 %

NASDAQ:EXLS opened at $41.85 on Wednesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12-month low of $28.59 and a 12-month high of $52.43. The stock’s fifty day simple moving average is $48.00 and its 200-day simple moving average is $45.25. The firm has a market capitalization of $6.79 billion, a P/E ratio of 36.71, a P/E/G ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. Equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their price target on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group upped their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Needham & Company LLC raised their price target on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.86.

Insiders Place Their Bets

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock worth $2,337,284. Company insiders own 4.16% of the company’s stock.

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.