The Manufacturers Life Insurance Company increased its position in ExlService Holdings, Inc. (NASDAQ: EXLS – Get a rating) by 205.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor held 39,844 shares of the business services provider after purchasing an additional 26,787 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.12% of ExlService worth $5,871,000 at the end of the most recent reporting period.
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A number of other large investors have also increased or reduced their stakes in EXLS. FMR LLC increased its stake in ExlService by 23.8% in the second quarter. FMR LLC now owns 3,513,418 shares of the business services provider worth $517,631,000 after purchasing an additional 674,982 shares in the last quarter. Principal Financial Group Inc. increased its stake in ExlService by 42.6% in the second quarter. Principal Financial Group Inc. now owns 645,851 shares of the business services provider worth $95,153,000 after buying an additional 192,980 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in ExlService by 5,059.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 178,303 shares of the business services provider worth $26,274,000 after buying an additional 174,847 shares in the last quarter. Loomis Sayles & Co. LP bought a new position in ExlService in the second quarter worth approximately $25,227,000. Finally, Invesco Ltd. increased its stake in ExlService by 49.7% in the first quarter. Invesco Ltd. now owns 466,371 shares of the business services provider worth $66,817,000 after purchasing an additional 154,763 shares last quarter. 95.84% of the shares are currently held by institutional investors.
ExlService Négoce down 1.1%
Out of Service Stock opened at $170.01 on Monday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt ratio of 0.33. ExlService Holdings, Inc. has a 12-month low of $112.14 and a 12-month high of $191.18. The stock’s 50-day simple moving average is $174.88 and its two-hundred-day simple moving average is $169.75. The company has a market capitalization of $5.62 billion, a PE ratio of 41.26, a P/E/G ratio of 1.89 and a beta of 1.02.
ExlService (NASDAQ: EXLS – Get a rating) last reported quarterly earnings data on Thursday, October 27. The business services provider reported earnings per share of $1.26 for the quarter, beating analyst consensus estimates of $1.13 by $0.13. ExlService had a return on equity of 22.52% and a net margin of 10.46%. The company posted revenue of $361.35 million for the quarter, versus analyst estimates of $345.71 million. Analysts expect ExlService Holdings, Inc. to post earnings per share of 4.84 for the current year.
A Wall Street analyst gives his opinion
EXLS has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised its price target on ExlService shares from $190.00 to $195.00 in a Thursday, Dec. 15 report. StockNews.com downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Friday, January 20. Needham & Company LLC raised its price target on ExlService shares from $190.00 to $200.00 and gave the company a “buy” rating in a Friday, October 28 report. Citigroup raised its price target on ExlService shares from $140.00 to $145.00 in a Friday, October 28 report. Finally, Cowen raised his price target on ExlService shares to $175.00 in a Tuesday, Nov. 1, report. One equity research analyst has assigned the stock a sell rating, one has assigned a hold rating and five has assigned the company’s stock a buy rating. According to data from MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and an average price target of $167.71.
Insiders place their bets
In other ExlService news, the director Clyde W. Ostler sold 3,000 shares of the company in a trade on Tuesday, November 1. The stock was sold at an average price of $183.08, for a total value of $549,240.00. Following the completion of the sale, the director now directly owns 19,261 shares of the company, valued at approximately $3,526,303.88. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. In related news, EVP Vikas Bhalla sold 3,896 shares of the company in a transaction dated Tuesday, November 15. The stock was sold at an average price of $182.50, for a total transaction of $711,020.00. Following the completion of the sale, the executive vice president now directly owns 9,379 shares of the company, valued at approximately $1,711,667.50. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Additionally, director Clyde W. Ostler sold 3,000 shares of the company in a trade dated Tuesday, November 1. The shares were sold at an average price of $183.08, for a total value of $549,240.00. Following the transaction, the director now owns 19,261 shares of the company, valued at $3,526,303.88. Disclosure of this sale can be found here. Insiders sold 10,035 shares of the company valued at $1,806,792 in the past three months. 3.51% of the shares are currently held by insiders.
ExlService Holdings, Inc is an operations management and analytics company, committed to providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation & Logistics, Finance & Accounting, Analytics and All Others. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity and pension companies.
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