1st Global Advisors Inc. raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,038 shares of the business services provider’s stock after buying an additional 623 shares during the period. 1st Global Advisors Inc.’s holdings in ExlService Holdings were worth $428,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of EXLS. Ladenburg Thalmann Financial Services Inc. raised its stake in ExlService Holdings by 580.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,036 shares of the business services provider’s stock valued at $153,000 after buying an additional 2,590 shares during the period. State of Alaska Department of Revenue raised its stake in ExlService Holdings by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,700 shares of the business services provider’s stock valued at $175,000 after buying an additional 70 shares during the period. Dubuque Bank & Trust Co. acquired a new stake in ExlService Holdings during the first quarter valued at about $201,000. Atria Investments LLC raised its stake in ExlService Holdings by 12.1% in the first quarter. Atria Investments LLC now owns 4,999 shares of the business services provider’s stock valued at $237,000 after buying an additional 540 shares during the period. Finally, Alambic Investment Management L.P. acquired a new stake in ExlService Holdings during the first quarter valued at about $349,000. 97.73% of the stock is currently owned by institutional investors.
ExlService Holdings, Inc. (NASDAQ:EXLS) traded up 1.48% during mid-day trading on Friday, hitting $50.11. 144,094 shares of the stock traded hands. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 26.80 and a beta of 1.62. ExlService Holdings, Inc. has a 1-year low of $42.00 and a 1-year high of $54.78. The company’s 50 day moving average price is $47.85 and its 200-day moving average price is $47.33.
ExlService Holdings (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.14. ExlService Holdings had a net margin of 9.04% and a return on equity of 13.57%. The firm had revenue of $183.03 million for the quarter, compared to analysts’ expectations of $176.96 million. During the same quarter in the prior year, the business earned $0.56 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts predict that ExlService Holdings, Inc. will post $2.57 earnings per share for the current year.
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Several research firms have recently issued reports on EXLS. Cantor Fitzgerald reissued an “overweight” rating and issued a $56.00 price target (up previously from $50.00) on shares of ExlService Holdings in a research report on Wednesday, May 3rd. Zacks Investment Research raised shares of ExlService Holdings from a “sell” rating to a “hold” rating in a research report on Friday, March 31st. Finally, Cowen and Company reissued an “outperform” rating and issued a $54.00 price target on shares of ExlService Holdings in a research report on Tuesday, April 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $54.67.
In other ExlService Holdings news, CEO Rohit Kapoor sold 9,757 shares of the firm’s stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $46.04, for a total transaction of $449,212.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vishal Chhibbar sold 841 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $49.50, for a total transaction of $41,629.50. Following the sale, the chief financial officer now owns 14,977 shares in the company, valued at approximately $741,361.50. The disclosure for this sale can be found here. Insiders sold a total of 224,067 shares of company stock worth $10,618,107 in the last quarter. 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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