MeadowBrook Investment Advisors LLC Sells 2,095 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

MeadowBrook Investment Advisors LLC reduced its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 23.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,680 shares of the business services provider’s stock after selling 2,095 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in ExlService were worth $296,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Algert Global LLC boosted its stake in shares of ExlService by 18.0% in the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock worth $5,740,000 after buying an additional 22,970 shares during the last quarter. Quest Partners LLC lifted its stake in ExlService by 196.8% in the third quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after purchasing an additional 46,422 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in ExlService by 4.3% in the third quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after purchasing an additional 29,510 shares during the last quarter. Assetmark Inc. lifted its stake in ExlService by 107,991.3% in the third quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock valued at $948,000 after purchasing an additional 24,838 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in ExlService in the third quarter valued at approximately $1,543,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on EXLS shares. Robert W. Baird upped their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Jefferies Financial Group upped their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC upped their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

ExlService Trading Down 0.9 %

NASDAQ:EXLS opened at $51.03 on Wednesday. The company has a market cap of $8.21 billion, a P/E ratio of 44.76, a P/E/G ratio of 2.17 and a beta of 1.03. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $52.43. The stock’s fifty day moving average price is $47.09 and its two-hundred day moving average price is $41.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

Insider Transactions at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now owns 14,580 shares of the company’s stock, valued at $642,249. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. 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.