ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,559,395 shares of the business services provider's stock after selling 211,796 shares during the quarter. Vanguard Group Inc. owned about 9.56% of ExlService worth $734,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new stake in ExlService in the first quarter valued at about $45,000. Morse Asset Management Inc purchased a new stake in ExlService in the fourth quarter valued at about $49,000. Strategic Investment Solutions Inc. IL purchased a new stake in ExlService in the first quarter valued at about $77,000. Johnson Financial Group Inc. purchased a new stake in ExlService in the fourth quarter valued at about $85,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in ExlService in the fourth quarter valued at about $99,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Performance

EXLS stock traded down $0.50 during trading on Friday, hitting $42.34. 967,108 shares of the company traded hands, compared to its average volume of 1,817,377. The stock's 50-day simple moving average is $43.96 and its 200 day simple moving average is $45.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. The company has a market cap of $6.84 billion, a PE ratio of 29.40, a P/E/G ratio of 1.87 and a beta of 0.81. ExlService Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $52.43.

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

Analysts Set New Price Targets

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

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.