Eagle Asset Management Inc. Grows Position in ExlService Holdings, Inc. (EXLS)

Eagle Asset Management Inc. increased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,042 shares of the business services provider’s stock after acquiring an additional 6,095 shares during the period. Eagle Asset Management Inc. owned approximately 0.32% of ExlService worth $6,341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. FMR LLC grew its holdings in ExlService by 16.8% during the 2nd quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock valued at $216,060,000 after buying an additional 557,892 shares during the last quarter. Vanguard Group Inc. grew its holdings in ExlService by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock valued at $163,908,000 after buying an additional 61,535 shares during the last quarter. Aberdeen Asset Management PLC UK grew its holdings in ExlService by 0.4% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,173,749 shares of the business services provider’s stock valued at $65,237,000 after buying an additional 5,158 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in ExlService by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,173,323 shares of the business services provider’s stock valued at $65,214,000 after buying an additional 13,095 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in ExlService by 30.5% during the 2nd quarter. Macquarie Group Ltd. now owns 841,679 shares of the business services provider’s stock valued at $46,781,000 after buying an additional 196,843 shares during the last quarter. Institutional investors and hedge funds own 95.72% of the company’s stock.

ExlService Holdings, Inc. (NASDAQ EXLS) opened at $60.70 on Monday. ExlService Holdings, Inc. has a 52 week low of $44.25 and a 52 week high of $62.99. The firm has a market capitalization of $2,060.34, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08.

ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. The business had revenue of $192.30 million for the quarter, compared to analyst estimates of $191.20 million. ExlService had a return on equity of 14.81% and a net margin of 9.94%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. sell-side analysts expect that ExlService Holdings, Inc. will post 2.12 earnings per share for the current year.

A number of research analysts have weighed in on the company. Barrington Research increased their price target on ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Citigroup increased their price target on ExlService from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target on shares of ExlService in a research note on Thursday, October 26th. Cantor Fitzgerald reissued a “buy” rating and set a $64.00 price target on shares of ExlService in a research note on Thursday, October 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $68.00 price target (up previously from $60.00) on shares of ExlService in a research note on Sunday, October 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.33.

In related news, CFO Vishal Chhibbar sold 2,019 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $59.40, for a total value of $119,928.60. Following the transaction, the chief financial officer now directly owns 5,100 shares of the company’s stock, valued at approximately $302,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 14,220 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $55.63, for a total value of $791,058.60. The disclosure for this sale can be found here. Insiders sold a total of 388,834 shares of company stock worth $22,724,604 over the last ninety days. Corporate insiders own 5.80% of the company’s stock.

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ExlService Profile

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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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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