Teachers Advisors LLC raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 317,144 shares of the business services provider’s stock after buying an additional 28,401 shares during the period. Teachers Advisors LLC owned approximately 0.94% of ExlService Holdings worth $15,020,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Aberdeen Asset Management PLC UK raised its position in ExlService Holdings by 16.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,168,591 shares of the business services provider’s stock valued at $55,344,000 after buying an additional 162,445 shares during the last quarter. State Street Corp raised its position in shares of ExlService Holdings by 5.6% in the fourth quarter. State Street Corp now owns 718,873 shares of the business services provider’s stock valued at $36,255,000 after buying an additional 37,932 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of ExlService Holdings by 0.5% in the first quarter. Principal Financial Group Inc. now owns 577,722 shares of the business services provider’s stock valued at $27,361,000 after buying an additional 3,123 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of ExlService Holdings by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 558,181 shares of the business services provider’s stock valued at $28,155,000 after buying an additional 39,057 shares in the last quarter. Finally, Tributary Capital Management LLC raised its position in shares of ExlService Holdings by 24.4% in the first quarter. Tributary Capital Management LLC now owns 275,717 shares of the business services provider’s stock valued at $13,058,000 after buying an additional 54,064 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.
Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) opened at 57.60 on Friday. ExlService Holdings, Inc. has a one year low of $42.00 and a one year high of $59.84. The stock has a market capitalization of $1.94 billion, a P/E ratio of 30.80 and a beta of 1.30. The stock’s 50 day moving average is $54.77 and its 200-day moving average is $49.52.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.24. The firm had revenue of $189.10 million for the quarter, compared to analyst estimates of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, equities research analysts expect that ExlService Holdings, Inc. will post $2.58 EPS for the current year.
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A number of equities research analysts have issued reports on the stock. Barrington Research set a $65.00 target price on shares of ExlService Holdings and gave the company an “outperform” rating in a research report on Friday. Cowen and Company reaffirmed a “buy” rating and issued a $54.00 target price on shares of ExlService Holdings in a research report on Friday. BidaskClub cut shares of ExlService Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Citigroup Inc. cut shares of ExlService Holdings from a “buy” rating to a “neutral” rating and increased their price target for the stock from $54.00 to $59.00 in a research note on Tuesday, July 18th. Finally, Zacks Investment Research cut shares of ExlService Holdings from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $58.57.
In related news, CFO Vishal Chhibbar sold 1,234 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $55.80, for a total transaction of $68,857.20. Following the transaction, the chief financial officer now directly owns 7,119 shares of the company’s stock, valued at approximately $397,240.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 43,337 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $55.03, for a total value of $2,384,835.11. The disclosure for this sale can be found here. Insiders have sold a total of 115,319 shares of company stock worth $6,091,925 over the last three months. 5.80% of the stock is owned by insiders.
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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