ProShare Advisors LLC Buys 15,049 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

ProShare Advisors LLC boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 41.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,790 shares of the business services provider's stock after buying an additional 15,049 shares during the period. ProShare Advisors LLC's holdings in ExlService were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in ExlService by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after acquiring an additional 215,485 shares in the last quarter. FMR LLC grew its position in ExlService by 39.4% during the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after purchasing an additional 2,647,937 shares in the last quarter. Norges Bank acquired a new position in ExlService in the 4th quarter valued at approximately $106,452,000. Handelsbanken Fonder AB lifted its position in ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after buying an additional 1,664,400 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of ExlService by 13.1% during the 4th quarter. Northern Trust Corp now owns 2,178,673 shares of the business services provider's stock valued at $96,690,000 after buying an additional 252,669 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ExlService

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total value of $1,152,750.00. Following the completion of the transaction, the insider now owns 135,046 shares of the company's stock, valued at $6,226,971.06. This represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay Ayyappan sold 1,865 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $1,980,443.52. This represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,003 shares of company stock worth $2,420,678. Company insiders own 4.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXLS. JPMorgan Chase & Co. boosted their price target on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Stifel Nicolaus boosted their target price on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $52.33.

ExlService Stock Performance

NASDAQ EXLS traded down $0.28 during trading on Monday, hitting $45.58. The company's stock had a trading volume of 1,714,040 shares, compared to its average volume of 1,046,020. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. The firm has a market cap of $7.42 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The firm has a 50 day moving average price of $45.64 and a 200 day moving average price of $46.64. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. ExlService's revenue was up 14.8% compared to the same quarter last year. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share 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.