Nicholas Company Inc. grew its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,680 shares of the business services provider’s stock after purchasing an additional 3,720 shares during the quarter. Nicholas Company Inc. owned about 0.39% of ExlService Holdings worth $7,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of ExlService Holdings by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 31 shares during the period. Atria Investments LLC lifted its stake in shares of ExlService Holdings by 1.1% in the 2nd quarter. Atria Investments LLC now owns 5,055 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 56 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of ExlService Holdings by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the business services provider’s stock valued at $761,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System lifted its stake in shares of ExlService Holdings by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock valued at $978,000 after purchasing an additional 100 shares during the period. Finally, First National Bank of Omaha lifted its stake in shares of ExlService Holdings by 0.4% in the 2nd quarter. First National Bank of Omaha now owns 25,893 shares of the business services provider’s stock valued at $1,439,000 after purchasing an additional 110 shares during the period. 94.89% of the stock is currently owned by institutional investors.

ExlService Holdings, Inc. (EXLS) opened at 55.98 on Friday. ExlService Holdings, Inc. has a 1-year low of $42.00 and a 1-year high of $59.84. The company’s 50-day moving average price is $56.16 and its 200-day moving average price is $51.72. The firm has a market capitalization of $1.89 billion, a P/E ratio of 28.40 and a beta of 1.30.

ExlService Holdings (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.24. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The business had revenue of $189.10 million during the quarter, compared to analyst estimates of $185.65 million. During the same period last year, the business posted $0.55 earnings per share. ExlService Holdings’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities research analysts expect that ExlService Holdings, Inc. will post $2.61 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a research note on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price target (up from $60.00) on shares of ExlService Holdings in a research note on Sunday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price target (up from $59.00) on shares of ExlService Holdings in a research note on Sunday, July 30th. BidaskClub raised ExlService Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Wedbush assumed coverage on ExlService Holdings in a research note on Thursday, August 3rd. They set a “neutral” rating and a $63.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, six 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 an average target price of $60.00.

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In other ExlService Holdings news, EVP Villa Rembert De sold 900 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $56.01, for a total value of $50,409.00. Following the completion of the sale, the executive vice president now directly owns 10,697 shares in the company, valued at $599,138.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rohit Kapoor sold 6,663 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $54.90, for a total transaction of $365,798.70. The disclosure for this sale can be found here. Insiders sold 52,134 shares of company stock valued at $2,869,900 over the last 90 days. 5.80% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for ExlService Holdings (NASDAQ:EXLS)

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