Fiera Capital Corp Has $6.29 Million Stake in ExlService Holdings, Inc. (EXLS)

Fiera Capital Corp reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 111,011 shares of the business services provider’s stock after selling 9,464 shares during the quarter. Fiera Capital Corp’s holdings in ExlService were worth $6,285,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Tributary Capital Management LLC grew its stake in shares of ExlService by 9.5% in the 2nd quarter. Tributary Capital Management LLC now owns 350,982 shares of the business services provider’s stock valued at $19,869,000 after purchasing an additional 30,329 shares during the period. BTIM Corp. bought a new stake in shares of ExlService in the 2nd quarter valued at approximately $12,675,000. Fenimore Asset Management Inc. bought a new stake in shares of ExlService in the 2nd quarter valued at approximately $10,477,000. Pembroke Management LTD grew its stake in shares of ExlService by 160.9% in the 2nd quarter. Pembroke Management LTD now owns 118,700 shares of the business services provider’s stock valued at $6,720,000 after purchasing an additional 73,200 shares during the period. Finally, Millennium Management LLC grew its stake in shares of ExlService by 699.9% in the 4th quarter. Millennium Management LLC now owns 111,121 shares of the business services provider’s stock valued at $6,706,000 after purchasing an additional 97,230 shares during the period. Institutional investors own 90.63% of the company’s stock.

Several research firms have recently weighed in on EXLS. Zacks Investment Research lowered ExlService from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Barrington Research set a $70.00 price objective on ExlService and gave the company a “buy” rating in a research note on Friday, July 13th. BidaskClub lowered ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. ValuEngine upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, July 11th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $64.00.

In related news, EVP Vikas Bhalla sold 6,122 shares of the stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $60.00, for a total transaction of $367,320.00. Following the sale, the executive vice president now directly owns 4,615 shares in the company, valued at approximately $276,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 2,118 shares of the stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $62.50, for a total value of $132,375.00. Following the sale, the chief executive officer now owns 362,759 shares in the company, valued at $22,672,437.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,327 shares of company stock worth $3,772,570. 4.40% of the stock is owned by corporate insiders.

ExlService opened at $58.67 on Friday, according to Marketbeat.com. The company has a market cap of $2.02 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. ExlService Holdings, Inc. has a one year low of $52.52 and a one year high of $64.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.57 and a current ratio of 3.57.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.14. The business had revenue of $210.11 million for the quarter, compared to analyst estimates of $209.30 million. ExlService had a return on equity of 14.25% and a net margin of 6.11%. ExlService’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS. analysts forecast that ExlService Holdings, Inc. will post 2.24 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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