ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,566 shares of the business services provider's stock after selling 6,704 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in ExlService were worth $357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXLS. Vanguard Group Inc. boosted its stake in shares of ExlService by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock worth $699,925,000 after buying an additional 215,485 shares during the last quarter. FMR LLC boosted its position in 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 purchasing an additional 2,647,937 shares in the last quarter. Handelsbanken Fonder AB boosted its position in ExlService by 25.2% in the 1st quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock worth $129,671,000 after purchasing an additional 552,000 shares in the last quarter. Norges Bank acquired a new stake in shares of ExlService during the 4th quarter worth approximately $106,452,000. Finally, Northern Trust Corp increased its holdings in shares of ExlService by 13.1% during the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after purchasing an additional 252,669 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Buying and Selling

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of the business's 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the sale, the insider owned 135,046 shares of the company's stock, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.04% of the company's stock.

ExlService Price Performance

EXLS traded down $0.06 during midday trading on Wednesday, hitting $44.55. 1,341,873 shares of the company traded hands, compared to its average volume of 1,213,901. The business has a 50 day simple moving average of $45.95 and a two-hundred day simple moving average of $46.63. ExlService Holdings, Inc. has a 52-week low of $31.02 and a 52-week high of $52.43. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 2.00 and a beta of 0.80. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $489.66 million. ExlService had a return on equity of 25.11% and a net margin of 11.36%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. On average, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and set a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. upped their price target on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $51.50.

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.