Grandeur Peak Global Advisors LLC Continues to Hold Holdings in ExlService Holdings, Inc. (EXLS)
Grandeur Peak Global Advisors LLC held its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,400 shares of the business services provider’s stock at the close of the second quarter. Grandeur Peak Global Advisors LLC owned approximately 0.28% of ExlService Holdings worth $5,191,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank raised its holdings in ExlService Holdings by 82.8% during the second quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock worth $112,000 after purchasing an additional 909 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in ExlService Holdings by 61.7% during the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock worth $126,000 after purchasing an additional 864 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in ExlService Holdings during the first quarter worth approximately $133,000. Victory Capital Management Inc. raised its holdings in ExlService Holdings by 72.6% during the first quarter. Victory Capital Management Inc. now owns 3,918 shares of the business services provider’s stock worth $186,000 after purchasing an additional 1,648 shares in the last quarter. Finally, Personal Capital Advisors Corp bought a new stake in ExlService Holdings during the second quarter worth approximately $212,000. Institutional investors and hedge funds own 94.68% of the company’s stock.
Several equities research analysts recently commented on the company. Cowen and Company reissued a “buy” rating and set a $54.00 target price on shares of ExlService Holdings in a report on Friday, July 28th. BidaskClub raised ExlService Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Wedbush assumed coverage on ExlService Holdings in a report on Thursday, August 3rd. They set a “neutral” rating and a $63.00 target price on the stock. Bank of America Corporation cut ExlService Holdings from a “buy” rating to an “underperform” rating and set a $55.00 target price on the stock. in a report on Wednesday, August 9th. Finally, Zacks Investment Research cut ExlService Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $60.00.
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In other ExlService Holdings news, CEO Rohit Kapoor sold 35,780 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $55.79, for a total value of $1,996,166.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Villa Rembert De sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $56.01, for a total transaction of $50,409.00. Following the completion of the transaction, the executive vice president now directly owns 10,697 shares in the company, valued at $599,138.97. The disclosure for this sale can be found here. Insiders have sold 262,300 shares of company stock worth $15,035,224 over the last three months. 5.80% of the stock is owned by insiders.
Shares of ExlService Holdings, Inc. (NASDAQ EXLS) traded up 0.12% during midday trading on Friday, reaching $59.26. The company had a trading volume of 158,645 shares. The company has a market capitalization of $2.00 billion, a P/E ratio of 30.07 and a beta of 1.27. ExlService Holdings, Inc. has a 12 month low of $42.00 and a 12 month high of $59.84. The firm’s 50 day moving average price is $56.67 and its 200-day moving average price is $53.02.
ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.24. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The business had revenue of $189.10 million for the quarter, compared to analysts’ expectations of $185.65 million. During the same period in the prior year, the firm earned $0.55 earnings per share. ExlService Holdings’s revenue was up 10.9% compared to the same quarter last year. Analysts anticipate that ExlService Holdings, Inc. will post $2.61 earnings per share for the current fiscal year.
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.
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