ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 594,673 shares of the business services provider’s stock after selling 43,344 shares during the period. Envestnet Asset Management Inc. owned 0.37% of ExlService worth $28,075,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EXLS. Allspring Global Investments Holdings LLC boosted its stake in ExlService by 48.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider’s stock valued at $7,028,000 after acquiring an additional 48,056 shares during the period. QRG Capital Management Inc. boosted its stake in ExlService by 3.7% in the first quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider’s stock valued at $742,000 after acquiring an additional 559 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in ExlService by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider’s stock valued at $713,000 after acquiring an additional 286 shares during the period. GAMMA Investing LLC boosted its stake in ExlService by 20.6% in the first quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider’s stock valued at $166,000 after acquiring an additional 599 shares during the period. Finally, KBC Group NV boosted its position in shares of ExlService by 13.4% during the first quarter. KBC Group NV now owns 7,466 shares of the business services provider’s stock worth $352,000 after buying an additional 883 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. boosted their price objective on ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $55.00 price objective on shares of ExlService in a research report on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.50.

Insider Buying and Selling at ExlService

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

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $43.03 on Tuesday. The company’s fifty day moving average is $45.83 and its two-hundred day moving average is $46.62. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.30. ExlService Holdings, Inc. has a 12-month low of $31.87 and a 12-month high of $52.43. The company has a market cap of $7.00 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 1.93 and a beta of 0.80.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results 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. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The business had revenue of $501.02 million for the quarter, compared to analysts’ expectations of $489.66 million. During the same period in the previous year, the company posted $0.38 EPS. ExlService’s revenue was up 14.8% on a year-over-year basis. Equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal 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.