Acadian Asset Management LLC raised its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 517.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,519 shares of the business services provider’s stock after buying an additional 43,179 shares during the period. Acadian Asset Management LLC owned about 0.15% of ExlService worth $3,410,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of EXLS. BlackRock Inc. boosted its position in ExlService by 9.6% during the second quarter. BlackRock Inc. now owns 4,711,882 shares of the business services provider’s stock valued at $266,739,000 after buying an additional 411,745 shares during the period. Bernzott Capital Advisors purchased a new stake in ExlService during the second quarter valued at about $22,316,000. BTIM Corp. purchased a new stake in ExlService during the second quarter valued at about $12,675,000. Summit Creek Advisors LLC purchased a new stake in ExlService during the third quarter valued at about $6,378,000. Finally, Macquarie Group Ltd. boosted its position in ExlService by 11.3% during the second quarter. Macquarie Group Ltd. now owns 832,537 shares of the business services provider’s stock valued at $47,130,000 after buying an additional 84,541 shares during the period. Institutional investors and hedge funds own 91.63% of the company’s stock.
ExlService stock opened at $58.44 on Friday. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.98 billion, a PE ratio of 23.19, a PEG ratio of 2.00 and a beta of 1.23. ExlService Holdings, Inc. has a 1-year low of $52.52 and a 1-year high of $67.06.
ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, November 1st. The business services provider reported $0.71 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.71. The company had revenue of $231.12 million during the quarter, compared to analyst estimates of $231.49 million. ExlService had a net margin of 5.14% and a return on equity of 13.96%. ExlService’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. Sell-side analysts predict that ExlService Holdings, Inc. will post 2.23 earnings per share for the current year.
In other ExlService news, Director Garen K. Staglin sold 5,631 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 24,477 shares in the company, valued at $1,554,289.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rohit Kapoor sold 40,780 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was 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 of the company’s stock, valued at $17,908,456.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,233 shares of company stock valued at $6,727,414. 4.40% of the stock is currently owned by company insiders.
A number of analysts have recently weighed in on EXLS shares. Barrington Research set a $70.00 target price on shares of ExlService and gave the stock a “buy” rating in a report on Tuesday, July 31st. BidaskClub lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research upgraded shares of ExlService from a “sell” rating to a “hold” rating in a report on Monday, October 15th. Finally, ValuEngine lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. ExlService presently has a consensus rating of “Buy” and a consensus price target of $65.20.
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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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