Boston Trust Walden Corp Sells 309,490 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Boston Trust Walden Corp reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,036,316 shares of the business services provider’s stock after selling 309,490 shares during the quarter. ExlService makes up about 0.9% of Boston Trust Walden Corp’s portfolio, making the stock its 19th largest holding. Boston Trust Walden Corp’s holdings in ExlService were worth $134,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after buying an additional 59,196 shares during the last quarter. Geneva Capital Management LLC boosted its stake in ExlService by 1.9% during the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after purchasing an additional 87,592 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after purchasing an additional 149,856 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of ExlService by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock worth $104,810,000 after purchasing an additional 21,358 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of ExlService by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock valued at $82,448,000 after buying an additional 9,775 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Needham & Company LLC lifted their price objective on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Citigroup raised their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

ExlService Trading Down 0.5 %

Shares of ExlService stock opened at $50.26 on Monday. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $51.07. The company’s fifty day simple moving average is $46.41 and its 200-day simple moving average is $41.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $8.09 billion, a PE ratio of 44.09, a P/E/G ratio of 2.10 and a beta of 1.03.

Insider Buying and Selling

In other news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService 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 completion of the transaction, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now directly owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,398 shares of company stock valued at $10,089,385. 4.16% of the stock is owned by company insiders.

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.