Bank of New York Mellon Corp Has $58.68 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Bank of New York Mellon Corp decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,242,897 shares of the business services provider's stock after selling 34,206 shares during the period. Bank of New York Mellon Corp owned about 0.77% of ExlService worth $58,677,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its holdings in shares of ExlService by 1.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock worth $633,000 after buying an additional 214 shares in the last quarter. Balboa Wealth Partners raised its stake in ExlService by 5.0% during the first quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock worth $243,000 after acquiring an additional 244 shares in the last quarter. Kensington Investment Counsel LLC grew its holdings in shares of ExlService by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock worth $1,740,000 after purchasing an additional 282 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ExlService by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock worth $713,000 after purchasing an additional 286 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of ExlService by 13.7% in the 1st quarter. Blue Trust Inc. now owns 3,660 shares of the business services provider's stock worth $173,000 after purchasing an additional 442 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EXLS. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their price target 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 restated a "buy" rating and set a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, ExlService has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

Insiders Place Their Bets

In related news, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $47.53, for a total transaction of $692,987.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $46.11, for a total value of $1,152,750.00. Following the transaction, the insider owned 135,046 shares in the company, valued at approximately $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. 4.04% of the stock is owned by insiders.

ExlService Trading Down 6.3%

EXLS traded down $2.85 during mid-day trading on Friday, reaching $42.29. The stock had a trading volume of 1,822,856 shares, compared to its average volume of 1,252,222. The stock has a market capitalization of $6.88 billion, a P/E ratio of 32.04, a P/E/G ratio of 1.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.41 and a current ratio of 3.41. The firm's fifty day simple moving average is $45.83 and its two-hundred day simple moving average is $46.61. ExlService Holdings, Inc. has a 52 week low of $31.87 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. ExlService had a return on equity of 25.11% and a net margin of 11.36%. The firm had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same period last year, the company earned $0.38 EPS. The business's quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current 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.