Eagle Asset Management Inc. increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 183,394 shares of the business services provider’s stock after purchasing an additional 2,505 shares during the quarter. Eagle Asset Management Inc.’s holdings in ExlService were worth $19,487,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its holdings in ExlService by 7.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 38,720 shares of the business services provider’s stock valued at $3,491,000 after purchasing an additional 2,770 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in ExlService by 51.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 19,284 shares of the business services provider’s stock worth $1,739,000 after buying an additional 6,568 shares during the period. Principal Financial Group Inc. increased its position in ExlService by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 463,513 shares of the business services provider’s stock worth $41,790,000 after buying an additional 16,942 shares during the period. SG Americas Securities LLC bought a new position in ExlService during the 1st quarter worth $272,000. Finally, JPMorgan Chase & Co. increased its position in ExlService by 28.6% during the 1st quarter. JPMorgan Chase & Co. now owns 46,044 shares of the business services provider’s stock worth $4,151,000 after buying an additional 10,233 shares during the period. 95.97% of the stock is owned by institutional investors.
In other news, Director Garen K. Staglin acquired 2,500 shares of the firm’s stock in a transaction dated Thursday, July 15th. The stock was bought at an average cost of $108.79 per share, for a total transaction of $271,975.00. Following the completion of the transaction, the director now directly owns 31,399 shares in the company, valued at approximately $3,415,897.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 7,500 shares of company stock valued at $807,375 in the last ninety days. Insiders own 2.81% of the company’s stock.
ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, July 29th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.29. The firm had revenue of $275.06 million during the quarter, compared to the consensus estimate of $260.67 million. ExlService had a net margin of 11.55% and a return on equity of 17.92%. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 3.65 earnings per share for the current fiscal year.
Several research analysts have weighed in on EXLS shares. JPMorgan Chase & Co. increased their price objective on ExlService from $116.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 17th. Zacks Investment Research cut ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, August 5th. Finally, Wedbush reiterated a “neutral” rating on shares of ExlService in a research report on Thursday, July 29th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, ExlService presently has a consensus rating of “Hold” and a consensus price target of $111.75.
ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.
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