Fmr LLC increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,191,711 shares of the business services provider’s stock after acquiring an additional 31,019 shares during the period. Fmr LLC owned about 0.09% of ExlService worth $211,291,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of EXLS. Huntington National Bank boosted its position in ExlService by 609.3% during the third quarter. Huntington National Bank now owns 1,596 shares of the business services provider’s stock worth $106,000 after purchasing an additional 1,371 shares in the last quarter. Bank of Montreal Can purchased a new position in ExlService during the second quarter worth approximately $286,000. We Are One Seven LLC purchased a new position in ExlService during the third quarter worth approximately $351,000. Measured Wealth Private Client Group LLC purchased a new position in ExlService during the second quarter worth approximately $301,000. Finally, Capital Management Associates NY purchased a new position in ExlService during the third quarter worth approximately $430,000. 93.19% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on EXLS. ValuEngine upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. BidaskClub upgraded ExlService from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded ExlService from a “sell” rating to a “hold” rating in a research report on Monday, October 15th. Wedbush reiterated a “neutral” rating on shares of ExlService in a research report on Wednesday, November 28th. Finally, Barrington Research set a $70.00 price target on ExlService and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.20.
In other news, CEO Rohit Kapoor sold 6,400 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $66.58, for a total value of $426,112.00. Following the transaction, the chief executive officer now owns 232,077 shares in the company, valued at $15,451,686.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Garen K. Staglin sold 5,631 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $63.50, for a total value of $357,568.50. Following the completion of the transaction, the director now owns 24,477 shares in the company, valued at approximately $1,554,289.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,104 shares of company stock worth $3,343,221. Company insiders own 4.40% of the company’s stock.
NASDAQ EXLS opened at $55.27 on Thursday. The company has a market capitalization of $1.99 billion, a PE ratio of 21.93, a PEG ratio of 1.99 and a beta of 1.26. ExlService Holdings, Inc. has a 1-year low of $52.52 and a 1-year high of $67.06. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.50.
ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, November 1st. The business services provider reported $0.71 earnings per share for the quarter, meeting the consensus estimate of $0.71. The business had revenue of $231.12 million for the quarter, compared to the consensus estimate of $231.49 million. ExlService had a return on equity of 13.96% and a net margin of 5.14%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. On average, research analysts predict that ExlService Holdings, Inc. will post 2.23 earnings per share for the current fiscal year.
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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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