ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Holdings Lessened by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 11.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,699,046 shares of the business services provider's stock after selling 337,270 shares during the period. ExlService accounts for 0.9% of Boston Trust Walden Corp's portfolio, making the stock its 18th biggest position. Boston Trust Walden Corp owned approximately 1.66% of ExlService worth $127,422,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EXLS. FMR LLC increased its holdings in shares of ExlService by 39.4% in the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock worth $415,588,000 after acquiring an additional 2,647,937 shares during the period. Norges Bank acquired a new stake in shares of ExlService in the 4th quarter worth about $106,452,000. Handelsbanken Fonder AB increased its holdings in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after acquiring an additional 1,664,400 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of ExlService in the 4th quarter worth about $52,852,000. Finally, Axiom Investors LLC DE bought a new position in ExlService in the 4th quarter valued at about $20,419,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Activity

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the firm's 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 now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was 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. Insiders own 4.04% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXLS. JPMorgan Chase & Co. increased their target price 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. Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC reiterated a "buy" rating and issued 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. Based on data from MarketBeat.com, ExlService presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

ExlService Price Performance

Shares of NASDAQ:EXLS traded down $1.36 during trading hours on Friday, hitting $43.85. 2,969,890 shares of the company's stock traded hands, compared to its average volume of 1,078,150. ExlService Holdings, Inc. has a 52 week low of $29.33 and a 52 week high of $52.43. 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 company's fifty day simple moving average is $46.07 and its two-hundred day simple moving average is $46.74. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.83.

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 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 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 firm posted $0.38 EPS. The business's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS 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.