ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Polen Capital Management LLC

Key Points

• Polen Capital Management LLC reduced its stake in ExlService Holdings by 18.6%, selling 59,473 shares, and retains approximately 0.16% of the company valued at $12.3 million.
• Other institutional investors, including Invesco Ltd. and JPMorgan Chase & Co., increased their holdings significantly during the same period, suggesting a mixed sentiment among major investors.
• ExlService reported earnings per share of $0.49, exceeding analysts' expectations, with a revenue of $514.46 million for the quarter, up 14.7% year-over-year.

Polen Capital Management LLC lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 18.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 260,017 shares of the business services provider's stock after selling 59,473 shares during the quarter. Polen Capital Management LLC owned approximately 0.16% of ExlService worth $12,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EXLS. Whittier Trust Co. bought a new stake in ExlService during the 1st quarter valued at about $45,000. Morse Asset Management Inc purchased a new stake in shares of ExlService in the fourth quarter valued at approximately $49,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ExlService in the first quarter valued at approximately $77,000. Johnson Financial Group Inc. purchased a new stake in shares of ExlService in the fourth quarter valued at approximately $85,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of ExlService in the fourth quarter valued at approximately $99,000. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Up 1.1%

Shares of EXLS stock traded up $0.48 during trading hours on Tuesday, reaching $42.54. 965,495 shares of the company's stock were exchanged, compared to its average volume of 1,929,301. The stock's 50 day moving average is $44.24 and its 200-day moving average is $46.06. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 1.86 and a beta of 0.81. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a fifty-two week low of $34.08 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%. The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. Analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.