ExlService Holdings, Inc. (EXLS) Position Boosted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,181 shares of the business services provider’s stock after acquiring an additional 9,895 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.43% of ExlService Holdings worth $8,014,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of EXLS. First Trust Advisors LP boosted its holdings in ExlService Holdings by 13.2% during the 1st quarter. First Trust Advisors LP now owns 12,856 shares of the business services provider’s stock valued at $609,000 after acquiring an additional 1,496 shares during the period. Comerica Bank boosted its holdings in ExlService Holdings by 4.2% during the 1st quarter. Comerica Bank now owns 37,472 shares of the business services provider’s stock valued at $1,802,000 after acquiring an additional 1,523 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in ExlService Holdings by 41.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 15,517 shares of the business services provider’s stock valued at $735,000 after acquiring an additional 4,550 shares during the period. Karp Capital Management Corp purchased a new position in ExlService Holdings during the 1st quarter valued at $495,000. Finally, Ameriprise Financial Inc. boosted its holdings in ExlService Holdings by 6.1% during the 1st quarter. Ameriprise Financial Inc. now owns 201,600 shares of the business services provider’s stock valued at $9,548,000 after acquiring an additional 11,662 shares during the period. Institutional investors own 94.68% of the company’s stock.
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Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) opened at 59.26 on Friday. ExlService Holdings, Inc. has a 52 week low of $42.00 and a 52 week high of $59.84. The company’s 50 day moving average price is $56.67 and its 200-day moving average price is $53.02. The stock has a market capitalization of $2.00 billion, a PE ratio of 30.07 and a beta of 1.27.
ExlService Holdings (NASDAQ:EXLS) last released its earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.24. The firm had revenue of $189.10 million during the quarter, compared to analyst estimates of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. ExlService Holdings’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. Equities research analysts predict that ExlService Holdings, Inc. will post $2.61 EPS for the current year.
Several equities research analysts have weighed in on EXLS shares. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price (up from $59.00) on shares of ExlService Holdings in a report on Sunday, July 30th. Cantor Fitzgerald reiterated a “buy” rating and issued a $59.00 target price on shares of ExlService Holdings in a report on Tuesday, June 20th. Zacks Investment Research upgraded ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a report on Tuesday, July 4th. BidaskClub cut ExlService Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Cowen and Company reiterated a “buy” rating and issued a $54.00 target price on shares of ExlService Holdings in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.00.
In related news, CEO Rohit Kapoor sold 42,118 shares of ExlService Holdings stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $58.96, for a total value of $2,483,277.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Villa Rembert De sold 14,239 shares of ExlService Holdings stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $57.56, for a total value of $819,596.84. Following the completion of the transaction, the executive vice president now owns 24,936 shares of the company’s stock, valued at $1,435,316.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 262,300 shares of company stock valued at $15,035,224. 5.80% of the stock is currently owned by company insiders.
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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