Polen Capital Management LLC Has $14.18 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Polen Capital Management LLC decreased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 319,490 shares of the business services provider’s stock after selling 6,355 shares during the quarter. Polen Capital Management LLC owned 0.20% of ExlService worth $14,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Portfolio Solutions Inc. boosted its position in shares of ExlService by 1.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider’s stock valued at $633,000 after purchasing an additional 214 shares during the period. one8zero8 LLC acquired a new stake in ExlService during the 4th quarter worth about $5,561,000. Balboa Wealth Partners acquired a new stake in ExlService during the 4th quarter worth about $217,000. Tredje AP fonden acquired a new stake in ExlService during the 4th quarter worth about $9,320,000. Finally, HighTower Advisors LLC boosted its position in ExlService by 10.1% during the 4th quarter. HighTower Advisors LLC now owns 66,135 shares of the business services provider’s stock worth $2,935,000 after acquiring an additional 6,048 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Needham & Company LLC raised their price objective on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Stifel Nicolaus raised their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

ExlService Stock Up 1.7 %

Shares of EXLS stock opened at $46.16 on Monday. The stock’s 50 day simple moving average is $48.51 and its 200 day simple moving average is $44.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.11 and a beta of 1.10.

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

Insider Activity at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,351 shares of company stock valued at $2,337,284. Corporate insiders own 4.16% of the company’s stock.

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.