We Are One Seven LLC boosted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 100.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,494 shares of the business services provider’s stock after purchasing an additional 5,263 shares during the quarter. We Are One Seven LLC’s holdings in ExlService were worth $629,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in ExlService in the fourth quarter valued at approximately $20,442,000. Mackenzie Financial Corp grew its holdings in ExlService by 20.0% during the fourth quarter. Mackenzie Financial Corp now owns 1,723,020 shares of the business services provider’s stock worth $90,665,000 after buying an additional 287,215 shares in the last quarter. Macquarie Group Ltd. grew its holdings in ExlService by 24.5% during the third quarter. Macquarie Group Ltd. now owns 1,036,653 shares of the business services provider’s stock worth $68,626,000 after buying an additional 204,116 shares in the last quarter. BlackRock Inc. grew its holdings in ExlService by 3.8% during the third quarter. BlackRock Inc. now owns 4,891,475 shares of the business services provider’s stock worth $323,815,000 after buying an additional 179,593 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in ExlService by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 3,381,703 shares of the business services provider’s stock valued at $223,869,000 after purchasing an additional 87,854 shares during the period. 94.13% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Nalin Kumar Miglani sold 1,275 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $56.86, for a total value of $72,496.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nagaraja Srivatsan sold 2,102 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $59.92, for a total value of $125,951.84. Following the completion of the transaction, the vice president now owns 6,854 shares of the company’s stock, valued at approximately $410,691.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,899 shares of company stock worth $1,310,729. 4.40% of the stock is owned by corporate insiders.
Shares of NASDAQ EXLS traded down $0.14 during trading hours on Wednesday, reaching $60.38. 1,985 shares of the stock traded hands, compared to its average volume of 113,504. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 2.37 and a beta of 1.15. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.43. ExlService Holdings, Inc. has a 52-week low of $44.29 and a 52-week high of $67.06.
ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, February 28th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. ExlService had a return on equity of 13.82% and a net margin of 6.42%. The business had revenue of $234.90 million for the quarter, compared to analyst estimates of $233.83 million. During the same period last year, the company earned $0.67 EPS. ExlService’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, analysts forecast that ExlService Holdings, Inc. will post 2.33 EPS for the current fiscal year.
A number of brokerages have issued reports on EXLS. BidaskClub upgraded ExlService from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 15th. Robert W. Baird downgraded ExlService from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $66.00 to $63.00 in a research note on Friday, March 1st. Citigroup increased their price objective on ExlService from $56.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Finally, ValuEngine raised ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $64.33.
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ExlService Company Profile
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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