Corebridge Financial Inc. Sells 14,641 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Corebridge Financial Inc. decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 259,075 shares of the business services provider’s stock after selling 14,641 shares during the quarter. Corebridge Financial Inc. owned approximately 0.16% of ExlService worth $11,498,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EXLS. Vanguard Group Inc. raised its holdings in ExlService by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock worth $699,925,000 after acquiring an additional 215,485 shares during the period. State Street Corp grew its position in shares of ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares during the last quarter. Geode Capital Management LLC grew its position in shares of ExlService by 3.6% in the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after purchasing an additional 149,856 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after purchasing an additional 1,664,400 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of ExlService by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock worth $82,448,000 after purchasing an additional 9,775 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Price Performance

NASDAQ:EXLS opened at $47.20 on Wednesday. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 2.11 and a beta of 1.10. The company has a 50-day moving average of $48.72 and a 200-day moving average of $44.60. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EXLS shares. Stifel Nicolaus upped their price target on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group boosted 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. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Needham & Company LLC boosted their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.38.

Insider Buying and Selling

In other news, 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 owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction dated 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 of the company’s stock, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock worth $2,337,284 in the last quarter. 4.16% of the stock is owned by corporate 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.