Kornitzer Capital Management Inc. KS acquired a new position in ExlService Holdings Inc. (NASDAQ:EXLS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 102,860 shares of the company’s stock, valued at approximately $5,391,000.
Several other large investors also recently made changes to their positions in EXLS. BlackRock Institutional Trust Company N.A. boosted its stake in shares of ExlService Holdings by 10.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 899,433 shares of the company’s stock worth $46,591,000 after buying an additional 86,873 shares during the period. Renaissance Technologies LLC boosted its position in ExlService Holdings by 4.9% in the first quarter. Renaissance Technologies LLC now owns 815,400 shares of the company’s stock worth $42,238,000 after buying an additional 37,925 shares during the last quarter. State Street Corp boosted its position in ExlService Holdings by 3.4% in the first quarter. State Street Corp now owns 652,172 shares of the company’s stock worth $33,785,000 after buying an additional 21,536 shares during the last quarter. Copper Rock Capital Partners LLC boosted its position in ExlService Holdings by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 563,149 shares of the company’s stock worth $29,515,000 after buying an additional 8,732 shares during the last quarter. Finally, Henderson Group PLC boosted its position in ExlService Holdings by 101.6% in the second quarter. Henderson Group PLC now owns 331,943 shares of the company’s stock worth $17,397,000 after buying an additional 167,283 shares during the last quarter. 94.23% of the stock is owned by institutional investors and hedge funds.
ExlService Holdings Inc. (NASDAQ:EXLS) traded down 0.41% on Monday, hitting $48.45. The stock had a trading volume of 80,953 shares. The company has a 50-day moving average price of $50.31 and a 200-day moving average price of $50.69. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.53 and a beta of 1.61. ExlService Holdings Inc. has a 52 week low of $38.52 and a 52 week high of $54.78.
ExlService Holdings (NASDAQ:EXLS) last announced its earnings results on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The business earned $170.50 million during the quarter, compared to analyst estimates of $170.65 million. ExlService Holdings had a return on equity of 13.86% and a net margin of 9.02%. ExlService Holdings’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. Equities research analysts anticipate that ExlService Holdings Inc. will post $2.32 earnings per share for the current fiscal year.
A number of research firms have issued reports on EXLS. Zacks Investment Research cut ExlService Holdings from a “hold” rating to a “sell” rating in a research note on Monday, June 20th. Citigroup Inc. decreased their target price on ExlService Holdings from $58.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Cantor Fitzgerald set a $56.00 target price on ExlService Holdings and gave the company a “buy” rating in a research note on Thursday, July 28th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $54.00 target price on shares of ExlService Holdings in a research note on Tuesday, July 19th. Finally, Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of ExlService Holdings in a research note on Friday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $51.90.
In other news, EVP Vikas Bhalla sold 4,062 shares of ExlService Holdings stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $52.50, for a total value of $213,255.00. Following the completion of the transaction, the executive vice president now directly owns 2 shares of the company’s stock, valued at approximately $105. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 50,000 shares of ExlService Holdings stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $48.91, for a total value of $2,445,500.00. The disclosure for this sale can be found here. Corporate insiders own 5.94% of the company’s stock.
ExlService Holdings Company Profile
ExlService Holdings, Inc is an operations management and analytics company. The Company operates through two segments: Operations Management and Analytics. The Company offers operations management solutions to the insurance, healthcare, banking and financial services, utilities, and travel, transportation and logistics industries.
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