M&T Bank Corp increased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 15.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,568 shares of the business services provider’s stock after purchasing an additional 865 shares during the period. M&T Bank Corp’s holdings in ExlService Holdings were worth $365,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its stake in ExlService Holdings by 145,337.4% during the 1st quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock worth $188,797,000 after purchasing an additional 3,983,699 shares during the period. FMR LLC boosted its stake in ExlService Holdings by 16.8% during the 2nd quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock worth $216,060,000 after purchasing an additional 557,892 shares during the period. Vanguard Group Inc. boosted its stake in ExlService Holdings by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock worth $163,908,000 after purchasing an additional 61,535 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in ExlService Holdings by 0.4% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,173,749 shares of the business services provider’s stock worth $65,237,000 after purchasing an additional 5,158 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in ExlService Holdings by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,160,228 shares of the business services provider’s stock worth $54,948,000 after purchasing an additional 13,416 shares during the period. Hedge funds and other institutional investors own 94.68% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/10/11/mt-bank-corp-acquires-865-shares-of-exlservice-holdings-inc-exls.html.

Shares of ExlService Holdings, Inc. (EXLS) opened at 59.63 on Wednesday. ExlService Holdings, Inc. has a 1-year low of $42.00 and a 1-year high of $59.84. The stock has a 50 day moving average of $56.90 and a 200 day moving average of $53.31. The firm has a market cap of $2.01 billion, a PE ratio of 30.25 and a beta of 1.27.

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, topping the consensus estimate of $0.46 by $0.24. The business had revenue of $189.10 million during the quarter, compared to analyst estimates of $185.65 million. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Equities research analysts anticipate that ExlService Holdings, Inc. will post $2.61 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on EXLS. SunTrust Banks, Inc. reiterated a “hold” rating and set a $60.00 price target on shares of ExlService Holdings in a research note on Monday. Cowen and Company reiterated a “buy” rating and set a $54.00 price target on shares of ExlService Holdings in a research note on Friday, July 28th. BidaskClub upgraded shares of ExlService Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Wedbush assumed coverage on shares of ExlService Holdings in a research note on Thursday, August 3rd. They set a “neutral” rating and a $63.00 price target for the company. Finally, Bank of America Corporation cut shares of ExlService Holdings from a “buy” rating to an “underperform” rating and set a $55.00 target price for the company. in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $60.00.

In related news, EVP Villa Rembert De sold 31,370 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $57.21, for a total value of $1,794,677.70. Following the completion of the sale, the executive vice president now owns 17,067 shares of the company’s stock, valued at $976,403.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rohit Kapoor sold 42,118 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $58.96, for a total transaction of $2,483,277.28. The disclosure for this sale can be found here. Insiders sold 262,300 shares of company stock valued at $15,035,224 in the last ninety days. Corporate insiders own 5.80% of the company’s stock.

ExlService Holdings 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)

Receive News & Stock Ratings for ExlService Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService Holdings Inc. and related stocks with our FREE daily email newsletter.