Navellier & Associates Inc. Reduces Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Key Points

• Navellier & Associates Inc. reduced its stake in ExlService Holdings by 5.6%, now owning approximately 0.07% of the company valued at $4,964,000 after selling 6,371 shares.
• ExlService reported a 14.8% increase in revenue year-over-year, achieving $501.02 million and earnings per share of $0.48, exceeding analysts' expectations.
• Recent analyst upgrades have set a consensus price target of $51.50 for ExlService, with JPMorgan raising their target from $52.00 to $53.00 and most analysts rating the stock as a "Moderate Buy."

Navellier & Associates Inc. trimmed its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,666 shares of the business services provider's stock after selling 6,371 shares during the period. Navellier & Associates Inc. owned approximately 0.07% of ExlService worth $4,964,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. bought a new position in shares of ExlService during the 1st quarter valued at $45,000. Morse Asset Management Inc bought a new position in shares of ExlService during the 4th quarter valued at $49,000. Johnson Financial Group Inc. bought a new position in shares of ExlService during the 4th quarter valued at $85,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of ExlService during the 4th quarter valued at $99,000. Finally, Huntington National Bank lifted its holdings in shares of ExlService by 94.9% during the 4th quarter. Huntington National Bank now owns 2,282 shares of the business services provider's stock valued at $101,000 after buying an additional 1,111 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on 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 ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $51.50.

ExlService Price Performance

EXLS stock traded down $0.32 during trading on Monday, reaching $42.54. The company's stock had a trading volume of 308,892 shares, compared to its average volume of 1,610,713. ExlService Holdings, Inc. has a 1 year low of $31.87 and a 1 year high of $52.43. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $6.92 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80. The company's fifty day moving average is $45.10 and its 200-day moving average is $46.48.

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

Insiders Place Their Bets

In other news, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $47.53, for a total transaction of $692,987.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 25,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.11, for a total value of $1,152,750.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 4.04% of the company's stock.

ExlService 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.