Azzad Asset Management Inc. ADV Invests $1.08 Million in ExlService Holdings, Inc. (NASDAQ:EXLS)

Azzad Asset Management Inc. ADV bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,836 shares of the business services provider's stock, valued at approximately $1,078,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in ExlService by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after acquiring an additional 215,485 shares during the period. FMR LLC raised its position in ExlService by 39.4% during the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after purchasing an additional 2,647,937 shares during the last quarter. Handelsbanken Fonder AB raised its position in ExlService by 25.2% during the 1st quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock valued at $129,671,000 after purchasing an additional 552,000 shares during the last quarter. Norges Bank bought a new position in ExlService during the 4th quarter valued at approximately $106,452,000. Finally, Northern Trust Corp raised its position in ExlService by 13.1% during the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after purchasing an additional 252,669 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ExlService

In other news, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $47.53, for a total value of $692,987.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction on 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 transaction, the insider now owns 135,046 shares in the company, valued at $6,226,971.06. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.04% of the company's stock.

ExlService Stock Down 1.7%

Shares of NASDAQ:EXLS traded down $0.80 during trading on Friday, hitting $47.25. The stock had a trading volume of 1,277,346 shares, compared to its average volume of 1,061,706. ExlService Holdings, Inc. has a 12 month low of $28.87 and a 12 month high of $52.43. The company has a market capitalization of $7.69 billion, a PE ratio of 41.45, a PEG ratio of 2.11 and a beta of 0.83. The firm's fifty day moving average is $45.87 and its 200 day moving average is $46.75. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $501.02 million during the quarter, compared to analyst estimates of $489.66 million. During the same quarter last year, the company earned $0.38 EPS. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. Analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on EXLS. Stifel Nicolaus upped their price target on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. upped their price target on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $51.50.

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.