Charles Schwab Investment Management Inc. Decreases Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Charles Schwab Investment Management Inc. decreased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,141,030 shares of the business services provider’s stock after selling 10,953 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.32% of ExlService worth $101,078,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in ExlService by 9.7% during the fourth quarter. Bank of Montreal Can now owns 27,115 shares of the business services provider’s stock worth $1,203,000 after buying an additional 2,397 shares during the period. Invesco Ltd. increased its position in ExlService by 127.7% during the fourth quarter. Invesco Ltd. now owns 701,623 shares of the business services provider’s stock worth $31,138,000 after buying an additional 393,439 shares during the period. Raymond James Financial Inc. acquired a new position in ExlService during the fourth quarter worth approximately $52,852,000. Guggenheim Capital LLC acquired a new position in ExlService during the fourth quarter worth approximately $627,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in ExlService during the fourth quarter worth approximately $1,739,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of ExlService in a report on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $51.50.

ExlService Trading Up 1.1%

Shares of EXLS stock opened at $42.54 on Wednesday. The business’s fifty day moving average price is $44.24 and its 200 day moving average price is $46.06. ExlService Holdings, Inc. has a 1-year low of $34.08 and a 1-year high of $52.43. The firm has a market capitalization of $6.87 billion, a PE ratio of 29.54, a P/E/G ratio of 1.86 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. ExlService had a return on equity of 25.38% and a net margin of 12.00%. The firm had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. ExlService’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS 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.