BlackRock Inc. boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,179,911 shares of the business services provider’s stock after purchasing an additional 128,001 shares during the quarter. BlackRock Inc. owned approximately 12.32% of ExlService worth $252,257,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in EXLS. Nationwide Fund Advisors raised its holdings in ExlService by 4.0% in the third quarter. Nationwide Fund Advisors now owns 235,233 shares of the business services provider’s stock worth $13,719,000 after purchasing an additional 8,977 shares in the last quarter. First Trust Advisors LP bought a new position in ExlService in the third quarter worth about $1,516,000. Crossmark Global Holdings Inc. bought a new position in ExlService in the third quarter worth about $379,000. Prudential Financial Inc. raised its holdings in ExlService by 102.8% in the third 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, Bessemer Group Inc. bought a new position in ExlService in the third quarter worth about $1,441,000. Institutional investors and hedge funds own 92.51% of the company’s stock.
A number of brokerages have commented on EXLS. Zacks Investment Research downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. BidaskClub upgraded shares of ExlService from a “sell” rating to a “hold” rating in a report on Tuesday. Robert W. Baird reiterated a “buy” rating and issued a $65.00 target price on shares of ExlService in a report on Tuesday, February 27th. Cowen downgraded shares of ExlService from an “outperform” rating to a “market perform” rating in a report on Thursday, March 1st. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $71.00 target price on shares of ExlService in a report on Monday, February 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $62.50.
ExlService Holdings, Inc. (EXLS) opened at $59.35 on Tuesday. ExlService Holdings, Inc. has a fifty-two week low of $44.81 and a fifty-two week high of $64.34. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2,016.33, a PE ratio of 42.70, a PEG ratio of 1.70 and a beta of 1.16.
ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.02. ExlService had a net margin of 6.41% and a return on equity of 15.09%. The firm had revenue of $197.88 million for the quarter, compared to the consensus estimate of $194.86 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. sell-side analysts forecast that ExlService Holdings, Inc. will post 2.26 EPS for the current year.
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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