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

Polen Capital Management LLC lessened its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.0% during the 4th quarter, Holdings Channel.com reports. 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’s holdings in ExlService were worth $14,179,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

EXLS has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price target on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Jefferies Financial Group boosted their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Needham & Company LLC boosted their price target on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

ExlService Trading Up 1.7 %

Shares of EXLS opened at $46.16 on Monday. The stock has a fifty day moving average price of $48.51 and a two-hundred day moving average price of $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 52-week low of $28.16 and a 52-week high of $52.43. The company has a market cap 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 released its earnings results 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). The firm had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. Analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction dated 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 owns 40,986 shares of the company’s stock, valued at $2,110,779. This represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock worth $2,337,284 over the last 90 days. 4.16% of the stock is owned by insiders.

About ExlService

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.