Campbell Newman Asset Management Inc. Sells 19,560 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Campbell Newman Asset Management Inc. lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 21.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,803 shares of the business services provider's stock after selling 19,560 shares during the period. Campbell Newman Asset Management Inc.'s holdings in ExlService were worth $3,484,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its holdings in shares of ExlService by 1.5% during the fourth 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. Kensington Investment Counsel LLC increased its holdings in shares of ExlService by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock worth $1,740,000 after buying an additional 282 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of ExlService by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock worth $713,000 after buying an additional 286 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of ExlService by 35.2% during the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after buying an additional 555 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of ExlService by 4.0% during the fourth quarter. QRG Capital Management Inc. now owns 15,154 shares of the business services provider's stock worth $673,000 after buying an additional 576 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus raised their price target on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $51.50.

Insider Buying and Selling at ExlService

In other news, 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 transaction of $1,152,750.00. Following the transaction, the insider now directly owns 135,046 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders own 4.04% of the company's stock.

ExlService Price Performance

Shares of ExlService stock traded down $0.80 during midday trading on Friday, reaching $47.25. The company had a trading volume of 1,277,346 shares, compared to its average volume of 1,061,706. The stock has a fifty day simple moving average of $45.87 and a 200 day simple moving average of $46.75. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 1-year low of $28.87 and a 1-year high of $52.43. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results 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. 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 firm's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.