Bessemer Group Inc. Has $1.08 Million Holdings in ExlService Holdings, Inc. (EXLS)
Bessemer Group Inc. lessened its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 17.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,500 shares of the business services provider’s stock after selling 4,300 shares during the period. Bessemer Group Inc. owned 0.06% of ExlService worth $1,079,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Capital Group LLC raised its position in shares of ExlService by 36.9% during the 4th quarter. Private Capital Group LLC now owns 917 shares of the business services provider’s stock worth $48,000 after purchasing an additional 247 shares during the last quarter. Tandem Investment Advisors Inc. acquired a new position in shares of ExlService during the 4th quarter worth about $229,000. Advisor Group Inc. raised its position in shares of ExlService by 6.5% during the 4th quarter. Advisor Group Inc. now owns 7,504 shares of the business services provider’s stock worth $394,000 after purchasing an additional 460 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in shares of ExlService by 3.2% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,137 shares of the business services provider’s stock worth $428,000 after purchasing an additional 253 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of ExlService by 12.6% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,192 shares of the business services provider’s stock worth $542,000 after purchasing an additional 916 shares during the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.
In other news, COO Pavan Bagai sold 5,000 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $58.18, for a total value of $290,900.00. Following the completion of the sale, the chief operating officer now owns 62,861 shares of the company’s stock, valued at approximately $3,657,252.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Nalin Kumar Miglani sold 992 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $60.35, for a total transaction of $59,867.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,797 shares of company stock valued at $1,184,777. 4.40% of the stock is owned by corporate insiders.
ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, February 28th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. ExlService had a net margin of 6.42% and a return on equity of 13.82%. The company had revenue of $234.90 million during the quarter, compared to analysts’ expectations of $233.83 million. During the same quarter in the prior year, the company earned $0.67 EPS. ExlService’s revenue was up 18.7% compared to the same quarter last year. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 2.33 earnings per share for the current year.
Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Wedbush reaffirmed a “neutral” rating on shares of ExlService in a research note on Wednesday, November 28th. Citigroup upped their price objective on shares of ExlService from $56.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. ValuEngine raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. Finally, Robert W. Baird cut shares of ExlService from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $66.00 to $63.00 in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $64.33.
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ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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