ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.3%, owning approximately 0.11% of the company with 186,309 shares worth $8,423,000.
• ExlService reported earnings of $0.49 per share for the last quarter, exceeding analysts' expectations of $0.45, along with a revenue increase of 14.7% compared to the same quarter last year.
• Analyst ratings indicate a consensus "Moderate Buy" for ExlService, with an average target price set at $51.50, reflecting confidence in the company's future performance.

LPL Financial LLC lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 9.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,309 shares of the business services provider's stock after purchasing an additional 15,793 shares during the period. LPL Financial LLC owned 0.11% of ExlService worth $8,423,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of ExlService by 32.8% during the 4th quarter. Wells Fargo & Company MN now owns 398,886 shares of the business services provider's stock valued at $17,703,000 after buying an additional 98,493 shares in the last quarter. Aviva PLC purchased a new position in shares of ExlService during the fourth quarter worth approximately $398,000. Envestnet Asset Management Inc. increased its position in shares of ExlService by 7.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 638,017 shares of the business services provider's stock worth $28,315,000 after acquiring an additional 42,808 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of ExlService by 14.8% during the fourth quarter. Russell Investments Group Ltd. now owns 185,915 shares of the business services provider's stock valued at $8,251,000 after purchasing an additional 23,953 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of ExlService by 9.7% during the fourth quarter. Bank of Montreal Can now owns 27,115 shares of the business services provider's stock valued at $1,203,000 after purchasing an additional 2,397 shares in the last quarter. Institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

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

ExlService Stock Performance

EXLS traded down $0.51 on Thursday, reaching $42.71. The stock had a trading volume of 382,310 shares, compared to its average volume of 1,646,818. ExlService Holdings, Inc. has a 12-month low of $35.00 and a 12-month high of $52.43. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The business's 50-day moving average price is $44.16 and its two-hundred day moving average price is $46.04. The company has a market cap of $6.90 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The company had revenue of $514.46 million during the quarter, compared to analysts' expectations of $504.87 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. Sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.