Proficio Capital Partners LLC Trims Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Proficio Capital Partners LLC reduced its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 97.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,548 shares of the business services provider's stock after selling 191,079 shares during the period. Proficio Capital Partners LLC's holdings in ExlService were worth $215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in shares of ExlService by 204.2% during the 4th quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider's stock worth $27,055,000 after acquiring an additional 409,242 shares in the last quarter. Sei Investments Co. boosted its stake in shares of ExlService by 66.1% during the 4th quarter. Sei Investments Co. now owns 164,005 shares of the business services provider's stock worth $7,279,000 after acquiring an additional 65,268 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of ExlService during the 4th quarter worth about $1,722,000. LPL Financial LLC boosted its stake in shares of ExlService by 5.7% during the 4th quarter. LPL Financial LLC now owns 170,516 shares of the business services provider's stock worth $7,764,000 after acquiring an additional 9,217 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of ExlService by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock worth $699,925,000 after acquiring an additional 215,485 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling at ExlService

In other news, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction on 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 directly owned 135,046 shares of the company's stock, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.04% of the stock is currently owned by insiders.

ExlService Trading Down 1.0%

ExlService stock traded down $0.41 during trading on Thursday, hitting $42.40. The company had a trading volume of 1,223,599 shares, compared to its average volume of 3,358,851. ExlService Holdings, Inc. has a 1-year low of $31.87 and a 1-year high of $52.43. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.30. The company's 50 day simple moving average is $45.24 and its 200-day simple moving average is $46.49. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80.

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