ProShare Advisors LLC Raises Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

ProShare Advisors LLC grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 41.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,790 shares of the business services provider's stock after purchasing an additional 15,049 shares during the quarter. ProShare Advisors LLC's holdings in ExlService were worth $2,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. Mather Group LLC. bought a new position in ExlService during the fourth quarter worth about $25,000. Kestra Investment Management LLC bought a new position in ExlService during the fourth quarter worth about $26,000. Morse Asset Management Inc bought a new position in ExlService during the fourth quarter worth about $49,000. VisionPoint Advisory Group LLC bought a new position in ExlService during the fourth quarter worth about $58,000. Finally, UMB Bank n.a. boosted its position in ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after purchasing an additional 288 shares during the period. Institutional investors own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC raised their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. One 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 has a consensus rating of "Moderate Buy" and an average price target of $52.33.

Insider Activity at ExlService

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the transaction, the insider now directly owns 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay Ayyappan sold 1,865 shares of ExlService stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total transaction of $90,116.80. Following the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $1,980,443.52. This trade represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,003 shares of company stock valued at $2,420,678 over the last three months. 4.04% of the stock is owned by corporate insiders.

ExlService Price Performance

EXLS traded down $0.28 on Friday, reaching $45.58. The company had a trading volume of 1,714,040 shares, compared to its average volume of 1,044,651. The business has a 50 day simple moving average of $45.64 and a 200 day simple moving average of $46.62. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 39.98, a P/E/G ratio of 2.11 and a beta of 0.86. 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 Holdings, Inc. has a 52-week low of $28.59 and a 52-week high of $52.43.

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

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.