ExlService Holdings, Inc. $EXLS Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its ExlService stake by 98.5% in the third quarter, selling 486,317 shares and retaining 7,500 shares valued at about $258,000.
• Analyst sentiment is positive: six analysts rate EXLS a Buy and one a Hold, resulting in a Moderate Buy consensus and an average price target of $48.17.
• ExlService beat quarterly expectations, reporting EPS of $0.62 versus $0.56 expected and revenue of $633.96 million; revenue rose 19.7% year over year.

Boston Trust Walden Corp trimmed its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 98.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,500 shares of the business services provider's stock after selling 486,317 shares during the quarter. Boston Trust Walden Corp's holdings in ExlService were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in ExlService by 14.6% during the third quarter. Versant Capital Management Inc now owns 2,261 shares of the business services provider's stock valued at $78,000 after purchasing an additional 288 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of ExlService by 3.2% in the second quarter. QRG Capital Management Inc. now owns 14,604 shares of the business services provider's stock valued at $378,000 after purchasing an additional 447 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of ExlService by 1.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 32,241 shares of the business services provider's stock valued at $982,000 after buying an additional 500 shares in the last quarter. Signature Equity Partners LLC lifted its stake in shares of ExlService by 65.7% during the 3rd quarter. Signature Equity Partners LLC now owns 1,337 shares of the business services provider's stock valued at $46,000 after buying an additional 530 shares in the last quarter. Finally, Gibbs Wealth Management boosted its holdings in ExlService by 5.4% in the 3rd quarter. Gibbs Wealth Management now owns 10,402 shares of the business services provider's stock worth $358,000 after buying an additional 535 shares during the period. Hedge funds and other institutional investors own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of recent analyst reports. Needham & Company LLC lifted their target price on ExlService from $45.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, October 28th. JPMorgan Chase & Co. boosted their price objective on shares of ExlService from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Thursday, October 29th. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. TD Cowen increased their target price on shares of ExlService from $45.00 to $49.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Finally, Weiss Ratings raised shares of ExlService from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, October 26th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.17.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 11,000 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $41.22, for a total transaction of $453,420.00. Following the transaction, the insider directly owned 98,295 shares in the company, valued at $4,051,719.90. This trade represents a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is currently owned by insiders.

ExlService Price Performance

EXLS opened at $43.15 on Friday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $6.51 billion, a P/E ratio of 25.68, a PEG ratio of 1.49 and a beta of 0.83. The stock has a 50-day moving average price of $37.86 and a 200-day moving average price of $32.81. ExlService Holdings, Inc. has a 12-month low of $24.85 and a 12-month high of $44.13.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, October 27th. The business services provider reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.06. The company had revenue of $633.96 million for the quarter, compared to analysts' expectations of $615.51 million. ExlService had a net margin of 11.13% and a return on equity of 32.53%. The firm's revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. Equities analysts predict that ExlService Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

ExlService Profile

ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.

EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.

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