Prudential Financial Inc. trimmed its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,576 shares of the business services provider’s stock after selling 7,860 shares during the period. Prudential Financial Inc. owned about 0.43% of ExlService worth $9,836,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EXLS. BlackRock Inc. raised its stake in shares of ExlService by 9.6% during the 2nd quarter. BlackRock Inc. now owns 4,711,882 shares of the business services provider’s stock worth $266,739,000 after buying an additional 411,745 shares in the last quarter. Bernzott Capital Advisors purchased a new position in ExlService in the 2nd quarter valued at approximately $22,316,000. Summit Creek Advisors LLC purchased a new position in ExlService in the 3rd quarter valued at approximately $6,378,000. Macquarie Group Ltd. increased its stake in ExlService by 11.3% in the 2nd quarter. Macquarie Group Ltd. now owns 832,537 shares of the business services provider’s stock valued at $47,130,000 after purchasing an additional 84,541 shares in the last quarter. Finally, FMR LLC increased its position in ExlService by 1.9% during the second quarter. FMR LLC now owns 3,160,692 shares of the business services provider’s stock worth $178,926,000 after buying an additional 58,039 shares in the last quarter. 93.19% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. BidaskClub downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. Barrington Research set a $70.00 price target on ExlService and gave the stock a “buy” rating in a research report on Friday, November 2nd. ValuEngine downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Finally, Wedbush reissued a “neutral” rating on shares of ExlService in a research report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. ExlService currently has a consensus rating of “Hold” and an average price target of $65.20.

EXLS stock opened at $55.27 on Wednesday. The firm has a market cap of $1.99 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.99 and a beta of 1.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.28 and a current ratio of 3.28. ExlService Holdings, Inc. has a 52-week low of $52.52 and a 52-week high of $67.06.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.71. ExlService had a net margin of 5.14% and a return on equity of 13.96%. The business had revenue of $231.12 million during the quarter, compared to analyst estimates of $231.49 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities research analysts predict that ExlService Holdings, Inc. will post 2.23 EPS for the current fiscal year.

In other news, CEO Rohit Kapoor sold 23,409 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $65.40, for a total transaction of $1,530,948.60. Following the completion of the sale, the chief executive officer now owns 252,731 shares of the company’s stock, valued at $16,528,607.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Garen K. Staglin sold 5,631 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $63.50, for a total transaction of $357,568.50. Following the sale, the director now directly owns 24,477 shares of the company’s stock, valued at approximately $1,554,289.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,931 shares of company stock valued at $3,526,835. Company insiders own 4.40% of the company’s stock.

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ExlService Company Profile

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.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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