ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 319,490 shares of the business services provider's stock after selling 6,355 shares during the period. Polen Capital Management LLC owned 0.20% of ExlService worth $14,179,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EXLS. Handelsbanken Fonder AB boosted its holdings in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after buying an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of ExlService in the 4th quarter valued at about $52,852,000. Loomis Sayles & Co. L P bought a new stake in shares of ExlService in the 3rd quarter valued at about $17,198,000. Tredje AP fonden acquired a new stake in ExlService in the 4th quarter worth approximately $9,320,000. Finally, Proficio Capital Partners LLC acquired a new stake in ExlService in the 4th quarter worth approximately $8,682,000. 92.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares of the company's stock, valued at $2,110,779. The trade was a 28.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by corporate insiders.

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ExlService Stock Performance

Shares of NASDAQ:EXLS traded down $1.10 during trading on Thursday, hitting $46.43. 775,796 shares of the stock traded hands, compared to its average volume of 926,197. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 40.73, a P/E/G ratio of 2.11 and a beta of 1.10. The company has a fifty day moving average price of $48.65 and a two-hundred day moving average price of $44.24. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million during the quarter, compared to analysts' expectations of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EXLS. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Needham & Company LLC lifted their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus lifted their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group lifted their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $47.38.

ExlService Company Profile

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.