Dimensional Fund Advisors LP Boosts Stake in ExlService Holdings, Inc. (EXLS)
Dimensional Fund Advisors LP raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,173,323 shares of the business services provider’s stock after acquiring an additional 13,095 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.48% of ExlService Holdings worth $65,214,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of EXLS. Huntington National Bank lifted its holdings in shares of ExlService Holdings by 82.8% in the second quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock worth $112,000 after acquiring an additional 909 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of ExlService Holdings by 61.7% in the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock worth $126,000 after acquiring an additional 864 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of ExlService Holdings in the first quarter worth about $133,000. Victory Capital Management Inc. lifted its holdings in shares of ExlService Holdings by 72.6% in the first quarter. Victory Capital Management Inc. now owns 3,918 shares of the business services provider’s stock worth $186,000 after acquiring an additional 1,648 shares during the last quarter. Finally, Personal Capital Advisors Corp bought a new position in shares of ExlService Holdings in the second quarter worth about $212,000. 94.68% of the stock is owned by hedge funds and other institutional investors.
In other ExlService Holdings news, CEO Rohit Kapoor sold 35,780 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $55.79, for a total value of $1,996,166.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Villa Rembert De sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $56.01, for a total value of $50,409.00. Following the completion of the sale, the executive vice president now directly owns 10,697 shares of the company’s stock, valued at approximately $599,138.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 286,796 shares of company stock valued at $16,493,582. 5.80% of the stock is owned by insiders.
A number of research firms have recently commented on EXLS. Wedbush reissued a “neutral” rating and issued a $63.00 target price on shares of ExlService Holdings in a report on Wednesday, August 9th. BidaskClub cut shares of ExlService Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Robert W. Baird increased their target price on shares of ExlService Holdings from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday. Cowen and Company reissued a “buy” rating and issued a $54.00 target price on shares of ExlService Holdings in a report on Friday, July 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $60.00 target price (up previously from $59.00) on shares of ExlService Holdings in a report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued 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 price target of $60.33.
ExlService Holdings, Inc. (NASDAQ:EXLS) opened at 60.41 on Friday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 30.65 and a beta of 1.27. The company has a 50-day moving average of $57.20 and a 200-day moving average of $53.41. ExlService Holdings, Inc. has a one year low of $42.00 and a one year high of $60.60.
ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 return on equity of 14.34% and a net margin of 9.53%. ExlService Holdings’s revenue for the quarter 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 expect that ExlService Holdings, Inc. will post $2.61 EPS 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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