Geode Capital Management LLC boosted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 8.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 282,947 shares of the business services provider’s stock after buying an additional 21,618 shares during the period. Geode Capital Management LLC owned about 0.84% of ExlService Holdings worth $13,400,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXLS. First National Bank of Omaha boosted its stake in ExlService Holdings by 28.9% in the first quarter. First National Bank of Omaha now owns 25,783 shares of the business services provider’s stock valued at $1,221,000 after buying an additional 5,780 shares during the last quarter. Teachers Advisors LLC boosted its stake in ExlService Holdings by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 288,743 shares of the business services provider’s stock valued at $14,564,000 after buying an additional 2,228 shares during the last quarter. Norges Bank purchased a new stake in ExlService Holdings during the fourth quarter valued at approximately $13,667,000. Louisiana State Employees Retirement System boosted its stake in ExlService Holdings by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the business services provider’s stock valued at $644,000 after buying an additional 100 shares during the last quarter. Finally, US Bancorp DE boosted its stake in ExlService Holdings by 43.4% in the first quarter. US Bancorp DE now owns 13,776 shares of the business services provider’s stock valued at $652,000 after buying an additional 4,169 shares during the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Shares of ExlService Holdings, Inc. (EXLS) opened at 54.97 on Monday. The stock’s 50 day moving average is $54.30 and its 200 day moving average is $49.28. The stock has a market capitalization of $1.85 billion, a PE ratio of 29.40 and a beta of 1.29. ExlService Holdings, Inc. has a 52 week low of $42.00 and a 52 week high of $56.66.

ExlService Holdings (NASDAQ:EXLS) last released its earnings results on Tuesday, May 2nd. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. ExlService Holdings had a net margin of 9.22% and a return on equity of 13.59%. The company had revenue of $183.03 million during the quarter, compared to the consensus estimate of $176.96 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. Analysts anticipate that ExlService Holdings, Inc. will post $2.57 EPS for the current fiscal year.

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Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research note on Tuesday, July 4th. Citigroup Inc. cut shares of ExlService Holdings from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $54.00 to $59.00 in a research note on Tuesday, July 18th. Cantor Fitzgerald reissued a “buy” rating and set a $59.00 price objective on shares of ExlService Holdings in a research note on Tuesday, June 20th. Needham & Company LLC boosted their price objective on shares of ExlService Holdings from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, June 21st. Finally, BidaskClub cut shares of ExlService Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.14.

In other ExlService Holdings news, CEO Rohit Kapoor sold 43,337 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $55.03, for a total value of $2,384,835.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vishal Chhibbar sold 1,234 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $55.80, for a total transaction of $68,857.20. Following the completion of the sale, the chief financial officer now owns 7,119 shares of the company’s stock, valued at approximately $397,240.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,694 shares of company stock valued at $9,418,788. Insiders own 5.80% of the company’s stock.

ExlService Holdings Company 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.

Institutional Ownership by Quarter for ExlService Holdings (NASDAQ:EXLS)

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