Bank of New York Mellon Corp lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 440,271 shares of the business services provider’s stock after selling 31,056 shares during the period. Bank of New York Mellon Corp owned 1.28% of ExlService worth $24,923,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System lifted its position in shares of ExlService by 14.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,907 shares of the business services provider’s stock worth $1,580,000 after purchasing an additional 3,600 shares during the period. Rhumbline Advisers lifted its position in shares of ExlService by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 89,994 shares of the business services provider’s stock worth $5,095,000 after purchasing an additional 2,889 shares during the period. Regis Management CO LLC acquired a new position in shares of ExlService in the 2nd quarter worth approximately $510,000. Dean Capital Investments Management LLC acquired a new position in shares of ExlService in the 2nd quarter worth approximately $538,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of ExlService in the 2nd quarter worth approximately $412,000. Hedge funds and other institutional investors own 91.46% of the company’s stock.
A number of research analysts have recently issued reports on EXLS shares. Zacks Investment Research downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research report on Tuesday, July 17th. SunTrust Banks upgraded shares of ExlService from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Friday, June 1st. BidaskClub upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. Cantor Fitzgerald reiterated a “buy” rating and issued a $71.00 price objective on shares of ExlService in a research note on Thursday, August 2nd. Finally, Barrington Research set a $70.00 price objective on shares of ExlService and gave the company a “buy” rating in a research note on Friday, July 13th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $64.00.
NASDAQ:EXLS opened at $64.86 on Friday. The firm has a market capitalization of $2.21 billion, a PE ratio of 25.79, a P/E/G ratio of 2.23 and a beta of 1.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.57 and a quick ratio of 3.57. ExlService Holdings, Inc. has a twelve month low of $52.52 and a twelve month high of $65.99.
ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.14. The company had revenue of $210.11 million during the quarter, compared to analyst estimates of $209.30 million. ExlService had a net margin of 6.11% and a return on equity of 14.25%. ExlService’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. analysts forecast that ExlService Holdings, Inc. will post 2.22 EPS for the current fiscal year.
In other ExlService news, CEO Rohit Kapoor sold 40,780 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $63.85, for a total transaction of $2,603,803.00. Following the completion of the sale, the chief executive officer now owns 280,477 shares in the company, valued at approximately $17,908,456.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vishal Chhibbar sold 2,761 shares of the business’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $63.00, for a total transaction of $173,943.00. Following the sale, the chief financial officer now owns 8,600 shares of the company’s stock, valued at approximately $541,800. The disclosure for this sale can be found here. Insiders sold a total of 117,087 shares of company stock valued at $7,285,760 in the last quarter. 4.40% of the stock is currently owned by company insiders.
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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