Boston Trust Walden Corp Sells 337,270 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Boston Trust Walden Corp decreased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,699,046 shares of the business services provider's stock after selling 337,270 shares during the period. ExlService makes up about 0.9% of Boston Trust Walden Corp's portfolio, making the stock its 18th biggest position. Boston Trust Walden Corp owned about 1.66% of ExlService worth $127,422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in shares of ExlService in the 4th quarter valued at $26,000. Morse Asset Management Inc bought a new stake in ExlService during the 4th quarter worth $49,000. VisionPoint Advisory Group LLC bought a new stake in ExlService during the 4th quarter worth $58,000. Johnson Financial Group Inc. bought a new stake in ExlService during the 4th quarter worth $85,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in ExlService during the 4th quarter worth $99,000. Institutional investors own 92.92% of the company's stock.

Insider Activity

In other news, Director Jaynie M. Studenmund sold 14,580 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $47.53, for a total value of $692,987.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vikas Bhalla sold 25,000 shares of the business'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 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 company insiders.

ExlService Trading Down 3.0%

EXLS traded down $1.36 during midday trading on Friday, hitting $43.85. 2,969,890 shares of the company were exchanged, compared to its average volume of 1,066,774. The firm has a market capitalization of $7.13 billion, a P/E ratio of 33.22, a P/E/G ratio of 2.01 and a beta of 0.83. ExlService Holdings, Inc. has a 1-year low of $30.05 and a 1-year high of $52.43. The firm's 50 day moving average price is $46.07 and its 200-day moving average price is $46.74. 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 (NASDAQ:EXLS - Get Free Report) last announced its 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 firm 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 25.11% and a net margin of 11.36%. The business's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. 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. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $55.00 price objective 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 given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.50.

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.