Renaissance Technologies LLC grew its stake in shares of ExlService Holdings (NASDAQ:EXLS) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 697,000 shares of the business services provider’s stock after acquiring an additional 8,565 shares during the quarter. Renaissance Technologies LLC owned about 2.05% of ExlService worth $42,064,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Nationwide Fund Advisors increased its holdings in ExlService by 4.0% in the 3rd quarter. Nationwide Fund Advisors now owns 235,233 shares of the business services provider’s stock worth $13,719,000 after buying an additional 8,977 shares during the period. First Trust Advisors LP acquired a new position in ExlService in the 3rd quarter worth approximately $1,516,000. Crossmark Global Holdings Inc. purchased a new stake in ExlService in the 3rd quarter worth approximately $379,000. Prudential Financial Inc. boosted its position in ExlService by 102.8% in the 3rd quarter. Prudential Financial Inc. now owns 119,543 shares of the business services provider’s stock worth $6,972,000 after purchasing an additional 60,610 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new stake in ExlService in the 3rd quarter worth approximately $483,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.
A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered ExlService from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. BidaskClub upgraded ExlService from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Robert W. Baird restated a “buy” rating and issued a $65.00 price objective on shares of ExlService in a report on Tuesday, February 27th. ValuEngine downgraded ExlService from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Cowen downgraded ExlService from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $62.50.
Shares of EXLS traded down $1.42 during midday trading on Friday, hitting $55.22. The company had a trading volume of 90,139 shares, compared to its average volume of 143,752. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.14 and a current ratio of 3.14. The stock has a market capitalization of $1,888.41, a PE ratio of 21.91, a PEG ratio of 1.59 and a beta of 1.13. ExlService Holdings has a 1 year low of $45.05 and a 1 year high of $64.34.
ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $197.88 million during the quarter, compared to analysts’ expectations of $194.86 million. ExlService had a return on equity of 15.09% and a net margin of 6.41%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. analysts predict that ExlService Holdings will post 2.26 EPS for the current year.
In related news, CFO Vishal Chhibbar sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $59.62, for a total transaction of $178,860.00. Following the completion of the sale, the chief financial officer now owns 14,361 shares in the company, valued at $856,202.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Villa Rembert De sold 3,428 shares of ExlService stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.01, for a total value of $205,714.28. Following the transaction, the executive vice president now directly owns 9,335 shares in the company, valued at approximately $560,193.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,014 shares of company stock valued at $1,205,033. 5.80% of the stock is owned by company insiders.
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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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