ProShare Advisors LLC Sells 7,785 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

ProShare Advisors LLC trimmed its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 21.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,334 shares of the business services provider’s stock after selling 7,785 shares during the quarter. ProShare Advisors LLC’s holdings in ExlService were worth $920,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in ExlService by 0.9% during the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after purchasing an additional 160,723 shares during the period. William Blair Investment Management LLC grew its position in ExlService by 46.5% during the 2nd quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock worth $159,871,000 after acquiring an additional 1,618,003 shares during the last quarter. Geneva Capital Management LLC increased its holdings in ExlService by 8.7% during the 1st quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after purchasing an additional 365,776 shares in the last quarter. Boston Trust Walden Corp raised its position in ExlService by 1.2% in the 2nd quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after purchasing an additional 46,302 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in ExlService by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock worth $108,756,000 after purchasing an additional 88,759 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EXLS. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Citigroup boosted their target price on shares of ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $42.00 in a research note on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.67.

Insider Transactions at ExlService

In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the transaction, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other ExlService news, EVP Ajay Ayyappan sold 21,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total value of $721,980.00. Following the completion of the sale, the executive vice president now owns 29,909 shares of the company’s stock, valued at $1,028,271.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now directly owns 1,424,588 shares in the company, valued at $51,541,593.84. The disclosure for this sale can be found here. Insiders have sold 163,625 shares of company stock worth $5,685,581 in the last three months. Insiders own 3.75% of the company’s stock.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $37.92 on Friday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $38.72. The stock has a market capitalization of $6.35 billion, a P/E ratio of 35.11, a P/E/G ratio of 1.94 and a beta of 1.00. The business has a 50-day moving average price of $35.54 and a two-hundred day moving average price of $32.31.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The business had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. During the same period in the previous year, the firm posted $0.31 earnings per share. ExlService’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts predict that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

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.