PineBridge Investments L.P. raised its stake in ExlService Holdings Inc. (NASDAQ:EXLS) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,245 shares of the company’s stock after buying an additional 195 shares during the period. PineBridge Investments L.P.’s holdings in ExlService Holdings were worth $223,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in ExlService Holdings by 3.5% in the second quarter. Vanguard Group Inc. now owns 2,584,524 shares of the company’s stock worth $135,454,000 after buying an additional 87,915 shares during the period. Prudential Financial Inc. increased its stake in ExlService Holdings by 4.0% in the second quarter. Prudential Financial Inc. now owns 84,779 shares of the company’s stock worth $4,443,000 after buying an additional 3,270 shares during the period. Teacher Retirement System of Texas increased its stake in ExlService Holdings by 21.4% in the second quarter. Teacher Retirement System of Texas now owns 4,673 shares of the company’s stock worth $245,000 after buying an additional 824 shares during the period. Tributary Capital Management LLC increased its stake in ExlService Holdings by 11.7% in the second quarter. Tributary Capital Management LLC now owns 129,744 shares of the company’s stock worth $6,800,000 after buying an additional 13,615 shares during the period. Finally, Victory Capital Management Inc. increased its stake in ExlService Holdings by 77.1% in the second quarter. Victory Capital Management Inc. now owns 1,918 shares of the company’s stock worth $101,000 after buying an additional 835 shares during the period. Institutional investors own 98.65% of the company’s stock.
Shares of ExlService Holdings Inc. (NASDAQ:EXLS) opened at 50.05 on Tuesday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 28.44 and a beta of 1.64. ExlService Holdings Inc. has a 52 week low of $35.91 and a 52 week high of $54.78. The company has a 50-day moving average of $50.26 and a 200-day moving average of $50.68.
ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. ExlService Holdings had a return on equity of 13.86% and a net margin of 9.02%. The business earned $170.50 million during the quarter, compared to analyst estimates of $170.65 million. During the same quarter in the previous year, the firm earned $0.48 EPS. ExlService Holdings’s revenue was up 9.6% on a year-over-year basis. On average, analysts anticipate that ExlService Holdings Inc. will post $2.32 EPS for the current year.
A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of ExlService Holdings from a “sell” rating to a “hold” rating in a report on Monday, June 13th. Cantor Fitzgerald reiterated a “buy” rating and set a $56.00 target price on shares of ExlService Holdings in a research report on Wednesday, September 7th. Citigroup Inc. cut their target price on shares of ExlService Holdings from $58.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $54.00 target price on shares of ExlService Holdings in a research report on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. ExlService Holdings has a consensus rating of “Buy” and a consensus price target of $51.56.
In other news, EVP Vikas Bhalla sold 4,062 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $52.50, for a total transaction of $213,255.00. Following the completion of the sale, the executive vice president now owns 2 shares of the company’s stock, valued at approximately $105. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rohit Kapoor sold 50,000 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $48.91, for a total transaction of $2,445,500.00. The disclosure for this sale can be found here. 5.94% of the stock is owned by company insiders.
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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