ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Position Decreased by Polen Capital Management LLC

Polen Capital Management LLC cut its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLSFree Report) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,650 shares of the business services provider’s stock after selling 8,433 shares during the period. Polen Capital Management LLC owned 0.05% of ExlService worth $2,735,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Tandem Investment Advisors Inc. raised its stake in shares of ExlService by 4.0% during the 4th quarter. Tandem Investment Advisors Inc. now owns 8,579 shares of the business services provider’s stock worth $265,000 after purchasing an additional 333 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of ExlService by 44.6% in the 4th quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 366 shares in the last quarter. RiverPark Advisors LLC raised its stake in shares of ExlService by 65.2% in the 4th quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 503 shares in the last quarter. Sheets Smith Wealth Management raised its stake in shares of ExlService by 5.2% in the 4th quarter. Sheets Smith Wealth Management now owns 13,860 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 680 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of ExlService by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,867 shares of the business services provider’s stock valued at $520,000 after acquiring an additional 702 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Performance

EXLS stock traded up $0.14 during trading on Friday, reaching $29.19. 694,713 shares of the stock were exchanged, compared to its average volume of 966,574. The stock has a 50 day simple moving average of $29.94 and a 200-day simple moving average of $30.47. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.35. ExlService Holdings, Inc. has a twelve month low of $25.17 and a twelve month high of $33.40. The company has a market capitalization of $4.89 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02.

ExlService (NASDAQ:EXLSGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. ExlService had a return on equity of 23.13% and a net margin of 10.92%. The company had revenue of $436.51 million for the quarter, compared to analyst estimates of $424.81 million. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $40.00 in a research note on Wednesday, May 8th. TD Cowen raised their price objective on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Citigroup cut their price objective on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, May 3rd. Finally, StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.00.

View Our Latest Stock Report on ExlService

Insider Transactions at ExlService

In other news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the sale, the insider now owns 333,847 shares of the company’s stock, valued at approximately $10,108,887.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Vivek Jetley sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the transaction, the insider now owns 333,847 shares in the company, valued at approximately $10,108,887.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Maurizio Nicolelli sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total value of $367,920.00. Following the transaction, the chief financial officer now owns 138,985 shares of the company’s stock, valued at approximately $4,261,280.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,837 shares of company stock valued at $3,469,418. 3.75% of the stock is owned by corporate insiders.

ExlService Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.