Charles Schwab Investment Management Inc. Sells 10,953 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Charles Schwab Investment Management Inc. cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,141,030 shares of the business services provider's stock after selling 10,953 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.32% of ExlService worth $101,078,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in ExlService by 9.7% in the fourth quarter. Bank of Montreal Can now owns 27,115 shares of the business services provider's stock valued at $1,203,000 after acquiring an additional 2,397 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of ExlService by 127.7% in the fourth quarter. Invesco Ltd. now owns 701,623 shares of the business services provider's stock worth $31,138,000 after buying an additional 393,439 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ExlService during the fourth quarter valued at $52,852,000. Guggenheim Capital LLC purchased a new stake in shares of ExlService during the fourth quarter valued at about $627,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in ExlService in the 4th quarter worth approximately $1,739,000. 92.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on EXLS shares. JPMorgan Chase & Co. lifted their target price on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Needham & Company LLC restated a "buy" rating and issued a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, ExlService currently has a consensus rating of "Moderate Buy" and an average target price of $51.50.

ExlService Stock Down 1.2%

Shares of EXLS stock traded down $0.50 during trading hours on Friday, hitting $42.34. 967,108 shares of the company's stock traded hands, compared to its average volume of 1,817,377. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a 12-month low of $35.00 and a 12-month high of $52.43. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 1.87 and a beta of 0.81. The stock's fifty day simple moving average is $43.96 and its two-hundred day simple moving average is $45.92.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $514.46 million during the quarter, compared to analysts' expectations of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. ExlService's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. On average, analysts expect 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.