Eagle Asset Management Inc. Acquires 32,801 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Eagle Asset Management Inc. grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLSFree Report) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 597,405 shares of the business services provider’s stock after purchasing an additional 32,801 shares during the period. Eagle Asset Management Inc.’s holdings in ExlService were worth $18,430,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EXLS. GHP Investment Advisors Inc. grew its stake in ExlService by 1,301.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider’s stock valued at $2,645,000 after buying an additional 79,606 shares during the last quarter. Boston Trust Walden Corp grew its stake in ExlService by 19.4% in the 4th quarter. Boston Trust Walden Corp now owns 3,725,199 shares of the business services provider’s stock valued at $114,922,000 after buying an additional 606,215 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in ExlService by 398.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,000 shares of the business services provider’s stock valued at $10,823,000 after buying an additional 308,618 shares during the last quarter. Vanguard Group Inc. grew its position in ExlService by 402.9% in the 3rd quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock worth $472,045,000 after purchasing an additional 13,487,495 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in ExlService by 422.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 57,775 shares of the business services provider’s stock worth $1,627,000 after purchasing an additional 46,717 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Insiders Place Their Bets

In other ExlService news, insider Vivek Jetley sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total value of $121,120.00. Following the completion of the transaction, the insider now directly owns 333,847 shares of the company’s stock, valued at $10,108,887.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the sale, the insider now owns 333,847 shares in the company, valued at approximately $10,108,887.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rohit Kapoor sold 36,847 shares of ExlService stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $31.07, for a total transaction of $1,144,836.29. Following the sale, the chief executive officer now owns 1,549,588 shares of the company’s stock, valued at approximately $48,145,699.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,856 shares of company stock valued at $4,510,587. Insiders own 3.75% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ:EXLS traded up $0.28 during midday trading on Friday, reaching $29.86. 941,842 shares of the company’s stock were exchanged, compared to its average volume of 839,255. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $33.40. The firm has a market capitalization of $5.00 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.59 and a beta of 1.00. The company’s 50 day simple moving average is $30.29 and its two-hundred day simple moving average is $30.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.54 and a current ratio of 2.54.

ExlService (NASDAQ:EXLSGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. ExlService had a net margin of 10.92% and a return on equity of 23.13%. The firm had revenue of $436.51 million during the quarter, compared to the consensus estimate of $424.81 million. Equities research analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on EXLS shares. Citigroup decreased their price target on shares of ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $34.00 to $40.00 in a research report on Wednesday, May 8th. TD Cowen raised their price target on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of ExlService in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Check Out Our Latest Research Report on EXLS

ExlService Company Profile

(Free Report)

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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