Envestnet Portfolio Solutions Inc. Has $357,000 Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Envestnet Portfolio Solutions Inc. lowered its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 47.0% in the first 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. raised its position in shares of ExlService by 3.7% during the first quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider's stock worth $742,000 after acquiring an additional 559 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of ExlService during the fourth quarter worth $8,682,000. SG Americas Securities LLC bought a new stake in shares of ExlService during the first quarter worth $346,000. Prudential Financial Inc. increased its holdings in ExlService by 60.4% in the fourth quarter. Prudential Financial Inc. now owns 123,735 shares of the business services provider's stock valued at $5,491,000 after purchasing an additional 46,593 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in ExlService by 11.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,826 shares of the business services provider's stock valued at $658,000 after purchasing an additional 1,481 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 25,000 shares of the company'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 completion of the transaction, the insider now directly owns 135,046 shares of the company's stock, valued at $6,226,971.06. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of the company'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 disclosure for this sale can be found here. 4.04% of the stock is owned by insiders.

ExlService Trading Down 0.0%

Shares of ExlService stock traded down $0.01 during trading hours on Friday, hitting $43.82. The company's stock had a trading volume of 27,728,911 shares, compared to its average volume of 1,197,412. ExlService Holdings, Inc. has a 12 month low of $30.99 and a 12 month high of $52.43. The stock has a 50 day moving average of $45.92 and a 200 day moving average of $46.65. The company has a market capitalization of $7.13 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.41 and a quick ratio of 3.41.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. ExlService had a return on equity of 25.11% and a net margin of 11.36%. The company had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. During the same period in the prior year, the company earned $0.38 earnings per share. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXLS. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. upped their price objective on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, ExlService presently has a consensus rating of "Moderate Buy" and an average target price 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.