Wealth Enhancement Advisory Services LLC Has $713,000 Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Wealth Enhancement Advisory Services LLC grew its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,112 shares of the business services provider’s stock after buying an additional 286 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in ExlService were worth $713,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Morse Asset Management Inc acquired a new position in shares of ExlService in the fourth quarter valued at about $49,000. Johnson Financial Group Inc. acquired a new stake in ExlService in the 4th quarter worth about $85,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in ExlService in the 4th quarter valued at about $99,000. Huntington National Bank grew its position in shares of ExlService by 94.9% during the 4th quarter. Huntington National Bank now owns 2,282 shares of the business services provider’s stock worth $101,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of ExlService by 35.2% during the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider’s stock worth $101,000 after purchasing an additional 555 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EXLS. JPMorgan Chase & Co. lifted their price target on shares of ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.50.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.11, for a total value of $1,152,750.00. Following the completion of the transaction, the insider owned 135,046 shares of the company’s stock, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 14,580 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The disclosure for this sale can be found here. 4.04% of the stock is owned by corporate insiders.

ExlService Stock Performance

Shares of ExlService stock opened at $45.26 on Friday. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.30. The company has a market cap of $7.36 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 2.04 and a beta of 0.80. The company has a 50 day moving average of $45.97 and a 200-day moving average of $46.61. ExlService Holdings, Inc. has a 1-year low of $31.02 and a 1-year high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.