New York State Teachers Retirement System raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,100 shares of the business services provider’s stock after buying an additional 3,200 shares during the period. New York State Teachers Retirement System owned 0.07% of ExlService Holdings worth $1,165,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in ExlService Holdings during the third quarter worth about $112,000. Victory Capital Management Inc. boosted its position in ExlService Holdings by 21.3% in the third quarter. Victory Capital Management Inc. now owns 2,327 shares of the business services provider’s stock worth $116,000 after buying an additional 409 shares during the period. State Treasurer State of Michigan purchased a new position in ExlService Holdings during the third quarter worth about $224,000. Commerce Bank purchased a new position in ExlService Holdings during the third quarter worth about $313,000. Finally, 1st Global Advisors Inc. boosted its position in ExlService Holdings by 75.8% in the third quarter. 1st Global Advisors Inc. now owns 7,115 shares of the business services provider’s stock worth $355,000 after buying an additional 3,068 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.
ExlService Holdings, Inc. (NASDAQ:EXLS) traded down 0.15% during midday trading on Friday, reaching $46.53. 136,859 shares of the company traded hands. The stock has a market capitalization of $1.57 billion, a P/E ratio of 25.99 and a beta of 1.62. The company has a 50 day moving average of $46.05 and a 200-day moving average of $47.24. ExlService Holdings, Inc. has a 12-month low of $42.00 and a 12-month high of $54.78.
ExlService Holdings (NASDAQ:EXLS) last posted its earnings results on Tuesday, February 28th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The business had revenue of $177.30 million for the quarter, compared to analysts’ expectations of $175.93 million. ExlService Holdings had a net margin of 9.04% and a return on equity of 13.57%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. Equities analysts anticipate that ExlService Holdings, Inc. will post $2.57 EPS for the current fiscal year.
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EXLS has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $50.00 target price on shares of ExlService Holdings in a research note on Tuesday, February 28th. Zacks Investment Research raised shares of ExlService Holdings from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Friday, February 17th. Finally, Cowen and Company reissued an “outperform” rating and issued a $54.00 price target on shares of ExlService Holdings in a report on Tuesday, April 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. ExlService Holdings presently has an average rating of “Buy” and a consensus price target of $53.67.
In other news, COO Pavan Bagai sold 9,000 shares of the stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $46.67, for a total value of $420,030.00. Following the transaction, the chief operating officer now owns 106,581 shares in the company, valued at approximately $4,974,135.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nancy Saltzman sold 1,615 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $45.08, for a total transaction of $72,804.20. The disclosure for this sale can be found here. Insiders have sold a total of 59,739 shares of company stock worth $2,753,866 in the last 90 days. Company insiders own 5.94% of the company’s stock.
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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