Trust Point Inc. Sells 6,839 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Trust Point Inc. decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 19.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,340 shares of the business services provider's stock after selling 6,839 shares during the quarter. Trust Point Inc.'s holdings in ExlService were worth $1,338,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of ExlService during the fourth quarter valued at $8,682,000. Allspring Global Investments Holdings LLC increased its holdings in shares of ExlService by 39.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 99,025 shares of the business services provider's stock valued at $4,392,000 after acquiring an additional 28,208 shares in the last quarter. Empowered Funds LLC bought a new position in shares of ExlService during the fourth quarter valued at $204,000. New York State Teachers Retirement System increased its holdings in shares of ExlService by 2.1% during the fourth quarter. New York State Teachers Retirement System now owns 39,837 shares of the business services provider's stock valued at $1,768,000 after acquiring an additional 830 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of ExlService by 60.4% during the fourth quarter. Prudential Financial Inc. now owns 123,735 shares of the business services provider's stock valued at $5,491,000 after acquiring an additional 46,593 shares in the last quarter. Institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

EXLS has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $55.00 price target on shares of ExlService in a report on Tuesday, June 3rd. JPMorgan Chase & Co. increased their price objective on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus increased their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Wall Street Zen raised 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 assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $51.50.

Insider Activity

In other news, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction dated 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 transaction, the insider now directly owns 135,046 shares in the company, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.04% of the company's stock.

ExlService Trading Down 1.7%

ExlService stock opened at $47.25 on Monday. The business has a 50-day simple moving average of $45.87 and a two-hundred day simple moving average of $46.75. The company has a market cap of $7.69 billion, a P/E ratio of 41.45, a P/E/G ratio of 2.11 and a beta of 0.83. ExlService Holdings, Inc. has a 52-week low of $28.87 and a 52-week high of $52.43. 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 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 the consensus estimate of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. Analysts predict that ExlService Holdings, Inc. will post 1.27 EPS 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.

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