Eagle Asset Management Inc. lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 198,909 shares of the business services provider’s stock after purchasing an additional 1,470 shares during the quarter. Eagle Asset Management Inc.’s holdings in ExlService were worth $11,938,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in ExlService by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 555,940 shares of the business services provider’s stock valued at $33,368,000 after purchasing an additional 2,574 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of ExlService in the 1st quarter worth approximately $95,000. SG Americas Securities LLC lifted its holdings in shares of ExlService by 64.5% in the 1st quarter. SG Americas Securities LLC now owns 39,147 shares of the business services provider’s stock worth $2,350,000 after acquiring an additional 15,346 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of ExlService by 0.4% in the 1st quarter. Arizona State Retirement System now owns 52,948 shares of the business services provider’s stock worth $3,178,000 after acquiring an additional 193 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of ExlService by 663.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,763 shares of the business services provider’s stock worth $466,000 after acquiring an additional 6,746 shares during the last quarter. Institutional investors own 93.77% of the company’s stock.
In other ExlService news, CFO Vishal Chhibbar sold 25,698 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $60.41, for a total value of $1,552,416.18. Following the sale, the chief financial officer now directly owns 30,747 shares of the company’s stock, valued at approximately $1,857,426.27. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Nagaraja Srivatsan sold 1,416 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $61.65, for a total transaction of $87,296.40. Following the completion of the sale, the vice president now directly owns 542 shares in the company, valued at $33,414.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,238 shares of company stock worth $2,322,280. 4.40% of the stock is owned by company insiders.
ExlService stock opened at $59.85 on Friday. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 2.46 and a beta of 1.12. ExlService Holdings, Inc. has a 52-week low of $44.29 and a 52-week high of $67.06. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.48.
ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, April 30th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.17. The company had revenue of $239.57 million for the quarter, compared to analyst estimates of $238.88 million. ExlService had a net margin of 5.27% and a return on equity of 13.63%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Equities analysts expect that ExlService Holdings, Inc. will post 2.32 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of ExlService from a “buy” rating to a “strong-buy” rating in a report on Friday, February 15th. Cantor Fitzgerald restated a “buy” rating and issued a $71.00 price objective on shares of ExlService in a report on Sunday, April 28th. Robert W. Baird lowered shares of ExlService from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $66.00 to $63.00 in a report on Friday, March 1st. Citigroup increased their target price on shares of ExlService from $56.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.33.
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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