Ameriprise Financial Inc. lowered its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 12.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,618 shares of the business services provider’s stock after selling 24,991 shares during the quarter. Ameriprise Financial Inc. owned 0.52% of ExlService worth $10,358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Riverhead Capital Management LLC lifted its holdings in shares of ExlService by 61.7% in the 2nd 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. Sei Investments Co. lifted its holdings in shares of ExlService by 105.3% in the 2nd quarter. Sei Investments Co. now owns 3,899 shares of the business services provider’s stock worth $217,000 after acquiring an additional 2,000 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of ExlService in the 2nd quarter worth about $234,000. Pinebridge Investments L.P. lifted its holdings in shares of 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 acquiring an additional 67 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of 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 acquiring an additional 31 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Barrington Research raised their target price on shares of ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Citigroup raised their target price on shares of ExlService from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Stifel Nicolaus restated a “buy” rating and issued a $67.00 target price on shares of ExlService in a report on Thursday, October 26th. Cantor Fitzgerald restated a “buy” rating and issued a $64.00 target price on shares of ExlService in a report on Thursday, October 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $68.00 target price (up previously from $60.00) on shares of ExlService in a report 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 issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $62.33.

In related news, CEO Rohit Kapoor sold 25,681 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $57.18, for a total value of $1,468,439.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Nalin Kumar Miglani sold 3,526 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $60.37, for a total transaction of $212,864.62. The disclosure for this sale can be found here. Insiders sold a total of 325,370 shares of company stock worth $19,218,270 in the last ninety days. 5.80% of the stock is currently owned by insiders.

ExlService Holdings, Inc. (EXLS) opened at $61.92 on Thursday. The company has a market cap of $2,112.27, a PE ratio of 25.93, a P/E/G ratio of 2.15 and a beta of 1.26. ExlService Holdings, Inc. has a 12 month low of $44.25 and a 12 month high of $63.35. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.08.

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

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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.

Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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