Fort Washington Investment Advisors Inc. OH Sells 64,859 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Fort Washington Investment Advisors Inc. OH reduced its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 578,971 shares of the business services provider's stock after selling 64,859 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.36% of ExlService worth $27,333,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXLS. FMR LLC raised its holdings in ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after acquiring an additional 2,647,937 shares in the last quarter. Norges Bank acquired a new stake in ExlService in the fourth quarter valued at $106,452,000. Handelsbanken Fonder AB raised its holdings in ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after acquiring an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in ExlService in the fourth quarter valued at $52,852,000. Finally, Axiom Investors LLC DE acquired a new stake in ExlService in the fourth quarter valued at $20,419,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Price Performance

Shares of NASDAQ EXLS traded down $0.80 during midday trading on Friday, reaching $47.25. 1,277,346 shares of the company traded hands, compared to its average volume of 1,061,706. The firm has a market cap of $7.69 billion, a PE ratio of 41.45, a PEG ratio of 2.11 and a beta of 0.83. The stock's 50-day simple moving average is $45.87 and its 200-day simple moving average is $46.75. ExlService Holdings, Inc. has a 12 month low of $28.87 and a 12 month high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of the company's stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 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.

Analyst Ratings Changes

A number of analysts have weighed in on EXLS shares. Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. Finally, Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, ExlService has an average 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.