Campbell & CO Investment Adviser LLC purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,439 shares of the business services provider’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of Montreal Can increased its stake in ExlService by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock worth $249,000 after purchasing an additional 31 shares in the last quarter. Pinebridge Investments L.P. increased its stake in ExlService by 1.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after purchasing an additional 67 shares in the last quarter. 1st Global Advisors Inc. increased its stake in ExlService by 1.1% in the 2nd quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock worth $508,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System increased its stake in ExlService by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock worth $978,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in ExlService by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the business services provider’s stock worth $761,000 after purchasing an additional 100 shares in the last quarter. 95.72% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Holdings, Inc. (EXLS) opened at $60.70 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 3.81. ExlService Holdings, Inc. has a 12 month low of $44.25 and a 12 month high of $62.99. The firm has a market capitalization of $2,083.42, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.26.

ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. ExlService had a return on equity of 14.81% and a net margin of 9.94%. The company had revenue of $192.30 million for the quarter, compared to analysts’ expectations of $191.20 million. During the same quarter in the previous year, the business posted $0.61 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. equities research analysts forecast that ExlService Holdings, Inc. will post 2.12 earnings per share for the current year.

In other ExlService news, CFO Vishal Chhibbar sold 7,119 shares of ExlService stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $59.41, for a total transaction of $422,939.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Rohit Kapoor sold 16,206 shares of ExlService stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $62.56, for a total value of $1,013,847.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 388,834 shares of company stock worth $22,724,604. Company insiders own 5.80% of the company’s stock.

A number of brokerages recently weighed in on EXLS. Barrington Research lifted their price target on ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Citigroup lifted their price target on ExlService from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price target on shares of ExlService in a research note on Thursday, October 26th. Cantor Fitzgerald reissued a “buy” rating and issued a $64.00 price target on shares of ExlService in a research note on Thursday, October 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $68.00 price target (up previously from $60.00) on shares of ExlService in a research note on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $62.33.

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

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