Dimensional Fund Advisors LP raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,204,762 shares of the business services provider’s stock after purchasing an additional 10,567 shares during the quarter. Dimensional Fund Advisors LP’s holdings in ExlService were worth $63,394,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hsbc Holdings PLC boosted its stake in ExlService by 8.3% during the 4th quarter. Hsbc Holdings PLC now owns 14,236 shares of the business services provider’s stock valued at $749,000 after purchasing an additional 1,095 shares during the period. Great West Life Assurance Co. Can boosted its stake in ExlService by 6.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 45,936 shares of the business services provider’s stock valued at $2,230,000 after purchasing an additional 2,957 shares during the period. Polen Capital Management LLC boosted its stake in ExlService by 46.7% during the 4th quarter. Polen Capital Management LLC now owns 9,350 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 2,975 shares during the period. Citigroup Inc. boosted its stake in ExlService by 2.3% during the 4th quarter. Citigroup Inc. now owns 21,935 shares of the business services provider’s stock valued at $1,153,000 after purchasing an additional 489 shares during the period. Finally, Advisor Group Inc. boosted its stake in ExlService by 6.5% during the 4th quarter. Advisor Group Inc. now owns 7,504 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 460 shares during the period. Hedge funds and other institutional investors own 92.05% of the company’s stock.
In other news, CFO Vishal Chhibbar sold 25,698 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $60.41, for a total value of $1,552,416.18. Following the completion of the transaction, the chief financial officer now directly owns 30,747 shares of the company’s stock, valued at approximately $1,857,426.27. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Nagaraja Srivatsan sold 2,102 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $59.92, for a total value of $125,951.84. Following the completion of the transaction, the vice president now directly owns 6,854 shares of the company’s stock, valued at $410,691.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,238 shares of company stock valued at $2,012,980. 3.60% of the stock is currently owned by insiders.
ExlService stock opened at $59.87 on Friday. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.42 and a beta of 1.12. ExlService Holdings, Inc. has a 12 month low of $44.29 and a 12 month high of $67.06.
ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.54 by $0.17. The firm had revenue of $239.57 million during the quarter, compared to analysts’ expectations of $238.88 million. ExlService had a return on equity of 13.63% and a net margin of 5.27%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. As a group, analysts expect that ExlService Holdings, Inc. will post 2.31 earnings per share for the current fiscal year.
Several equities analysts have commented on EXLS shares. Zacks Investment Research raised ExlService from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine raised ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. BidaskClub raised ExlService from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Robert W. Baird cut ExlService from an “outperform” rating to a “neutral” rating and cut their price target for the company from $66.00 to $63.00 in a report on Friday, March 1st. Finally, Citigroup upped their price target on ExlService from $56.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. ExlService currently has an average rating of “Hold” and an average target price 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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