ExlService Holdings Inc. (NASDAQ:EXLS) shares saw strong trading volume on Tuesday . 341,641 shares traded hands during mid-day trading, an increase of 86% from the previous session’s volume of 183,974 shares.The stock last traded at $53.81 and had previously closed at $53.74.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded ExlService Holdings from a “sell” rating to a “hold” rating in a report on Monday, May 30th. Cantor Fitzgerald restated a “buy” rating on shares of ExlService Holdings in a report on Monday, May 2nd. Robert W. Baird restated a “buy” rating on shares of ExlService Holdings in a report on Monday, May 16th. Goldman Sachs Group Inc. increased their price objective on ExlService Holdings from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 28th. Finally, Citigroup Inc. increased their price objective on ExlService Holdings from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, May 27th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. ExlService Holdings presently has a consensus rating of “Buy” and an average price target of $49.80.

The stock has a 50-day moving average price of $51.80 and a 200-day moving average price of $48.51. The company has a market cap of $1.80 billion and a P/E ratio of 33.03.

ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm earned $167 million during the quarter, compared to the consensus estimate of $165.01 million. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. Equities analysts forecast that ExlService Holdings Inc. will post $2.33 earnings per share for the current fiscal year.

In related news, EVP Vikas Bhalla sold 9,100 shares of the stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $52.02, for a total transaction of $473,382.00. Following the transaction, the executive vice president now owns 13,164 shares in the company, valued at $684,791.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Saltzman sold 2,521 shares of the stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $50.44, for a total transaction of $127,159.24. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of EXLS. PNC Financial Services Group Inc. increased its position in shares of ExlService Holdings by 10.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 28,002 shares of the company’s stock worth $1,259,000 after buying an additional 2,666 shares during the period. 1492 Capital Management LLC increased its position in shares of ExlService Holdings by 15.0% in the fourth quarter. 1492 Capital Management LLC now owns 34,089 shares of the company’s stock worth $1,532,000 after buying an additional 4,444 shares during the period. Bank of Montreal Can increased its position in shares of ExlService Holdings by 166.9% in the fourth quarter. Bank of Montreal Can now owns 40,728 shares of the company’s stock worth $1,831,000 after buying an additional 25,469 shares during the period. Rhumbline Advisers increased its position in shares of ExlService Holdings by 6.1% in the fourth quarter. Rhumbline Advisers now owns 50,415 shares of the company’s stock worth $2,265,000 after buying an additional 2,885 shares during the period. Finally, Russell Frank Co increased its position in shares of ExlService Holdings by 342.0% in the fourth quarter. Russell Frank Co now owns 59,176 shares of the company’s stock worth $2,698,000 after buying an additional 45,788 shares during the period.

ExlService Holdings, Inc (EXL) provides business process solutions. The Company’s business is divided into two reporting segments: Operations Management (previously Outsourcing Services) and Analytics and Business Transformation (previously Transformation Services). It provides Operations Management solutions to sectors, including insurance, healthcare, utilities, banking and financial services, and travel, transportation and logistics sectors, as well as cross-industry operations management solutions, such as finance and accounting services.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.