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

Vanguard Group Inc. lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.3% during the first quarter, HoldingsChannel.com reports. 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 0.10% of ExlService worth $734,559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Whittier Trust Co. acquired a new stake in shares of ExlService in the 1st quarter worth approximately $45,000. Morse Asset Management Inc acquired a new stake in shares of ExlService in the 4th quarter worth approximately $49,000. Strategic Investment Solutions Inc. IL purchased a new stake in ExlService in the 1st quarter valued at approximately $77,000. Johnson Financial Group Inc. purchased a new stake in ExlService in the 4th quarter valued at approximately $85,000. Finally, Fifth Third Bancorp lifted its stake in ExlService by 35.2% in the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider’s stock valued at $101,000 after buying an additional 555 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analysts Set New Price Targets

EXLS has been the topic of a number of recent research reports. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their target price on ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of ExlService in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.50.

ExlService Trading Up 1.1%

Shares of ExlService stock opened at $42.54 on Wednesday. ExlService Holdings, Inc. has a fifty-two week low of $34.08 and a fifty-two week high of $52.43. The firm has a market cap 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 business’s fifty day moving average is $44.24 and its two-hundred day moving average is $46.06. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results 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 company 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 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.