Alps Advisors Inc. trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 13.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,290 shares of the business services provider’s stock after selling 1,267 shares during the period. Alps Advisors Inc.’s holdings in ExlService were worth $500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of ExlService by 699.9% during the 4th quarter. Millennium Management LLC now owns 111,121 shares of the business services provider’s stock valued at $6,706,000 after buying an additional 97,230 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of ExlService by 9.5% during the 2nd quarter. Tributary Capital Management LLC now owns 350,982 shares of the business services provider’s stock valued at $19,869,000 after buying an additional 30,329 shares in the last quarter. Fenimore Asset Management Inc. purchased a new position in shares of ExlService during the 2nd quarter valued at about $10,477,000. MetLife Investment Advisors LLC purchased a new position in shares of ExlService during the 4th quarter valued at about $855,000. Finally, Guggenheim Capital LLC purchased a new position in shares of ExlService during the 4th quarter valued at about $1,461,000. 90.63% of the stock is currently owned by institutional investors.

Shares of ExlService stock opened at $58.27 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.15 and a current ratio of 3.57. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.98 and a beta of 1.27. ExlService Holdings, Inc. has a one year low of $52.52 and a one year high of $64.34.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.14. The business had revenue of $210.11 million for the quarter, compared to analysts’ expectations of $209.30 million. ExlService had a return on equity of 14.25% and a net margin of 6.11%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. equities analysts expect that ExlService Holdings, Inc. will post 2.26 EPS for the current fiscal year.

In other news, EVP Nancy Saltzman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $59.07, for a total transaction of $118,140.00. Following the transaction, the executive vice president now directly owns 8,585 shares of the company’s stock, valued at $507,115.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rohit Kapoor sold 2,118 shares of the business’s stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $62.50, for a total value of $132,375.00. Following the transaction, the chief executive officer now directly owns 362,759 shares in the company, valued at $22,672,437.50. The disclosure for this sale can be found here. Insiders have sold 62,327 shares of company stock worth $3,772,570 over the last three months. Insiders own 4.40% of the company’s stock.

A number of equities analysts have commented on EXLS shares. Zacks Investment Research cut ExlService from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. BidaskClub cut ExlService from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. SunTrust Banks raised ExlService from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Friday, June 1st. Finally, Barrington Research set a $70.00 price target on ExlService and gave the stock a “buy” rating in a research note on Tuesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $63.09.

About ExlService

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

Further Reading: Stock Symbol

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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