BlackRock Inc. reduced its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,940,283 shares of the business services provider’s stock after selling 46,157 shares during the period. BlackRock Inc. owned 11.68% of ExlService Holdings worth $219,001,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Huntington National Bank increased its stake in ExlService Holdings by 82.8% during the 2nd quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock worth $112,000 after buying an additional 909 shares in the last quarter. Riverhead Capital Management LLC increased its stake in ExlService Holdings by 61.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock worth $126,000 after buying an additional 864 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in ExlService Holdings during the 1st quarter worth approximately $133,000. Personal Capital Advisors Corp purchased a new stake in ExlService Holdings during the 2nd quarter worth approximately $212,000. Finally, Sei Investments Co. increased its stake in ExlService Holdings by 105.3% during the 2nd quarter. Sei Investments Co. now owns 3,899 shares of the business services provider’s stock worth $217,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 94.68% of the company’s stock.
In other news, CEO Rohit Kapoor sold 35,780 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $55.79, for a total transaction of $1,996,166.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Villa Rembert De sold 31,370 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $57.21, for a total transaction of $1,794,677.70. Following the transaction, the executive vice president now directly owns 17,067 shares of the company’s stock, valued at $976,403.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 262,300 shares of company stock valued at $15,035,224. Corporate insiders own 5.80% of the company’s stock.
ExlService Holdings, Inc. (NASDAQ:EXLS) opened at 59.26 on Friday. The stock’s 50 day moving average price is $56.67 and its 200 day moving average price is $53.02. ExlService Holdings, Inc. has a one year low of $42.00 and a one year high of $59.84. The firm has a market capitalization of $2.00 billion, a PE ratio of 30.07 and a beta of 1.27.
ExlService Holdings (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.24. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The business had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. During the same period last year, the company posted $0.55 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Analysts expect that ExlService Holdings, Inc. will post $2.61 EPS for the current year.
Several equities research analysts have commented on EXLS shares. Needham & Company LLC boosted their price objective on ExlService Holdings from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Cantor Fitzgerald reiterated a “buy” rating and set a $59.00 price objective on shares of ExlService Holdings in a research note on Tuesday, June 20th. BidaskClub lowered ExlService Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 price objective (up from $60.00) on shares of ExlService Holdings in a research note on Sunday, July 30th. Finally, Cowen and Company reiterated a “buy” rating and set a $54.00 price objective on shares of ExlService Holdings in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. ExlService Holdings presently has an average rating of “Hold” and a consensus target price of $60.00.
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About ExlService Holdings
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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