Capstone Asset Management Co. cut its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.9% during the second quarter, Holdings Channel reports. The institutional investor owned 6,343 shares of the business services provider’s stock after selling 700 shares during the period. Capstone Asset Management Co.’s holdings in ExlService Holdings were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in ExlService Holdings by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 90,897 shares of the business services provider’s stock valued at $4,305,000 after buying an additional 13,282 shares in the last quarter. Macquarie Group Ltd. increased its position in ExlService Holdings by 15.5% in the first quarter. Macquarie Group Ltd. now owns 644,836 shares of the business services provider’s stock valued at $30,539,000 after buying an additional 86,655 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in ExlService Holdings during the first quarter valued at about $275,000. State Street Corp increased its position in ExlService Holdings by 7.2% in the first quarter. State Street Corp now owns 770,416 shares of the business services provider’s stock valued at $36,486,000 after buying an additional 51,543 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in ExlService Holdings during the first quarter valued at about $1,087,000. 94.42% of the stock is owned by institutional investors.

ExlService Holdings, Inc. (NASDAQ:EXLS) traded down 0.2512% during mid-day trading on Thursday, reaching $55.5501. 14,501 shares of the company’s stock were exchanged. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 28.1837 and a beta of 1.30. ExlService Holdings, Inc. has a one year low of $42.00 and a one year high of $59.84. The stock has a 50-day moving average of $55.75 and a 200-day moving average of $50.00.

ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.24. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The firm had revenue of $189.10 million during the quarter, compared to the consensus estimate of $185.65 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts anticipate that ExlService Holdings, Inc. will post $2.61 earnings per share for the current year.

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Several research firms have recently issued reports on EXLS. Bank of America Corporation downgraded ExlService Holdings from a “buy” rating to an “underperform” rating and set a $55.00 price objective for the company. in a research note on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $63.00 price objective on shares of ExlService Holdings in a research note on Wednesday. BidaskClub downgraded ExlService Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 price objective (up previously from $60.00) on shares of ExlService Holdings in a research note on Sunday, July 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $59.80.

In other ExlService Holdings news, CFO Vishal Chhibbar sold 1,234 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $55.80, for a total value of $68,857.20. Following the completion of the sale, the chief financial officer now owns 7,119 shares in the company, valued at $397,240.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rohit Kapoor sold 22,140 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $53.06, for a total value of $1,174,748.40. The disclosure for this sale can be found here. Insiders sold 81,242 shares of company stock valued at $4,403,811 in the last quarter. Corporate insiders own 5.80% of the company’s stock.

About ExlService Holdings

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 Holdings (NASDAQ:EXLS)

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