ExlService Holdings, Inc. $EXLS Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 98.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,500 shares of the business services provider’s stock after selling 486,317 shares during the period. Boston Trust Walden Corp’s holdings in ExlService were worth $258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXLS. Hsbc Holdings PLC increased its holdings in ExlService by 32.7% during the 2nd quarter. Hsbc Holdings PLC now owns 330,181 shares of the business services provider’s stock valued at $8,391,000 after purchasing an additional 81,379 shares during the period. Legal & General Group Plc purchased a new stake in ExlService in the 2nd quarter worth approximately $5,429,000. Squarepoint Ops LLC lifted its holdings in ExlService by 85.0% in the 2nd quarter. Squarepoint Ops LLC now owns 201,805 shares of the business services provider’s stock worth $5,219,000 after buying an additional 92,697 shares during the period. Walleye Capital LLC grew its position in shares of ExlService by 1,422.3% in the 1st quarter. Walleye Capital LLC now owns 244,509 shares of the business services provider’s stock worth $7,445,000 after buying an additional 228,447 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of ExlService in the 1st quarter worth approximately $3,794,000. 92.92% of the stock is owned by institutional investors.

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 11,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $41.22, for a total transaction of $453,420.00. Following the completion of the sale, the insider owned 98,295 shares in the company, valued at approximately $4,051,719.90. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by insiders.

ExlService Trading Down 1.1%

Shares of EXLS stock opened at $43.15 on Friday. ExlService Holdings, Inc. has a 12-month low of $24.85 and a 12-month high of $44.13. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $37.86 and its 200 day moving average is $32.81. The stock has a market capitalization of $6.51 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.49 and a beta of 0.83.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 27th. The business services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. The business had revenue of $633.96 million during the quarter, compared to analyst estimates of $615.51 million. ExlService had a net margin of 11.13% and a return on equity of 32.53%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. Research analysts expect that ExlService Holdings, Inc. will post 1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EXLS shares. JPMorgan Chase & Co. lifted their price objective on ExlService from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. TD Cowen boosted their target price on shares of ExlService from $45.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Robert W. Baird set a $45.00 price target on shares of ExlService and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Stifel Nicolaus lifted their price target on shares of ExlService from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Finally, Barrington Research upped their price objective on shares of ExlService from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and an average price target of $48.17.

About ExlService

ExlService Holdings, Inc, operating under the EXL brand, is a data analytics and digital operations company that helps businesses use data, technology and artificial intelligence to improve decision-making, manage risk and enhance operational performance. Its services include data management, advanced analytics, business process solutions, automation and technology-enabled transformation.

EXL serves clients across industries including insurance, healthcare, banking and capital markets, utilities, travel and transportation, retail, media and manufacturing.