First Trust Advisors LP Has $7.69 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

First Trust Advisors LP increased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 49.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,239 shares of the business services provider's stock after buying an additional 57,575 shares during the quarter. First Trust Advisors LP owned 0.11% of ExlService worth $7,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of EXLS. Mather Group LLC. purchased a new position in ExlService during the 4th quarter valued at about $25,000. Kestra Investment Management LLC purchased a new position in ExlService during the fourth quarter valued at approximately $26,000. USA Financial Formulas acquired a new position in ExlService in the 4th quarter valued at approximately $58,000. VisionPoint Advisory Group LLC purchased a new stake in ExlService in the 4th quarter worth approximately $58,000. Finally, UMB Bank n.a. boosted its stake in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after buying an additional 288 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Performance

Shares of ExlService stock traded up $0.56 during trading on Friday, reaching $46.87. The company's stock had a trading volume of 2,102,303 shares, compared to its average volume of 1,023,234. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The business's fifty day moving average price is $45.89 and its 200-day moving average price is $46.02.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. As a group, equities research analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXLS. Jefferies Financial Group increased their price objective on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. JPMorgan Chase & Co. raised their price target on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday. Needham & Company LLC upped their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus raised their target price on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, ExlService currently has a consensus rating of "Moderate Buy" and an average price target of $50.57.

Insider Activity at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares of the company's stock, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ajay Ayyappan sold 1,865 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $1,980,443.52. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,598 shares of company stock worth $1,661,461. Company insiders own 4.16% of the company's stock.

ExlService 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.