ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its holdings in ExlService Holdings, Inc. (NASDAQ:EXLSGet Rating) by 19.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,473 shares of the business services provider’s stock after selling 13,926 shares during the period. Great Lakes Advisors LLC owned 0.17% of ExlService worth $8,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Maryland State Retirement & Pension System raised its position in shares of ExlService by 0.6% in the first quarter. Maryland State Retirement & Pension System now owns 13,355 shares of the business services provider’s stock valued at $1,913,000 after buying an additional 78 shares during the last quarter. We Are One Seven LLC raised its position in shares of ExlService by 2.8% in the fourth quarter. We Are One Seven LLC now owns 3,324 shares of the business services provider’s stock valued at $481,000 after buying an additional 92 shares during the last quarter. Louisiana State Employees Retirement System increased its position in ExlService by 0.6% during the first quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the business services provider’s stock worth $2,463,000 after purchasing an additional 100 shares during the last quarter. Xponance Inc. increased its position in ExlService by 7.5% during the first quarter. Xponance Inc. now owns 1,667 shares of the business services provider’s stock worth $239,000 after purchasing an additional 116 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its position in ExlService by 2.5% during the first quarter. Advisor Group Holdings Inc. now owns 5,113 shares of the business services provider’s stock worth $752,000 after purchasing an additional 125 shares during the last quarter. 94.71% of the stock is currently owned by institutional investors and hedge funds.

ExlService Trading Up 1.7 %

Shares of EXLS stock opened at $173.51 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market cap of $5.74 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 2.84 and a beta of 0.93. The company has a 50-day moving average of $148.42 and a two-hundred day moving average of $137.50. ExlService Holdings, Inc. has a 1-year low of $112.14 and a 1-year high of $174.27.

ExlService (NASDAQ:EXLSGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The business services provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.32 by $0.18. ExlService had a net margin of 10.05% and a return on equity of 21.78%. The business had revenue of $346.78 million during the quarter, compared to analyst estimates of $329.60 million. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, analysts predict that ExlService Holdings, Inc. will post 4.62 EPS for the current year.

Insider Activity

In other news, EVP Vikas Bhalla sold 3,588 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $149.90, for a total value of $537,841.20. Following the completion of the transaction, the executive vice president now owns 13,275 shares of the company’s stock, valued at $1,989,922.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Garen K. Staglin sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $148.04, for a total value of $370,100.00. Following the sale, the director now owns 28,174 shares of the company’s stock, valued at $4,170,878.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Vikas Bhalla sold 3,588 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $149.90, for a total transaction of $537,841.20. Following the completion of the sale, the executive vice president now directly owns 13,275 shares in the company, valued at approximately $1,989,922.50. The disclosure for this sale can be found here. Insiders own 3.51% of the company’s stock.

Analyst Ratings Changes

EXLS has been the subject of several recent analyst reports. Needham & Company LLC upgraded shares of ExlService from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, July 29th. Cowen raised their price objective on shares of ExlService from $155.00 to $170.00 in a research report on Friday, July 29th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. Robert W. Baird increased their target price on shares of ExlService from $138.00 to $146.00 in a research note on Thursday, April 14th. Finally, JPMorgan Chase & Co. raised shares of ExlService from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.14.

About ExlService

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ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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