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Manufacturers’ Life Insurance Company increased its position in ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 205.2% in the third quarter, according to its latest Form 13F filed with the SEC. The institutional investor owned 39,844 shares of the business service provider after purchasing an additional 26,787 shares during the quarter. Manufacturers’ Life Insurance Company owned approximately 0.12% of his ExlService valued at $5,871,000 at the end of the most recent reporting period.
Many other large investors have also increased or decreased their stakes in EXLS. FMR LLC increased his ExlService holding by 23.8% in the second quarter. FMR LLC now owns 3,513,418 shares of the business service provider worth $517,631,000 after purchasing an additional 674,982 of his shares in the previous quarter. Principal Financial Group Inc. increased his ExlService stake by 42.6% in the second quarter. Principal Financial Group Inc. now owns 645,851 shares of the business service provider worth $95,153,000 after purchasing an additional 192,980 shares last quarter. Allspring Global Investments Holdings LLC increased his ExlService stake by 5,059.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 178,303 shares of business service provider stock valued at $26,274,000 after purchasing an additional 174,847 shares in the previous quarter. Loomis Sayles & Co. LP purchased new positions worth approximately $25,227,000 in his ExlService in the second quarter. Finally, Invesco Ltd. increased his ExlService holding by 49.7% in the first quarter. Invesco Ltd. now owns 466,371 shares of the business service provider worth $66,817,000 after purchasing an additional 154,763 shares in the previous quarter. Currently 95.84% of the shares are owned by institutional investors.
ExlService deal down 1.1%
Shares of ExlService opened at $170.01 on Monday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt to equity 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 has a 50-day simple moving average of $174.88 and a 200-day simple moving average of $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 Rating) last announced its quarterly earnings data on Thursday, October 27th. The business services provider reported that his earnings per share for the quarter was $1.26, beating analysts’ consensus forecast of $1.13 for him by $0.13. ExlService’s return on equity was 22.52% and net profit margin was 10.46%. The company’s revenue for the quarter was $361.35 million, compared with analyst estimates of $345.71 million. Analysts expect ExlService Holdings, Inc.’s earnings per share to be 4.84 this year.
Wall Street analyst opinion
EXLS has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased its price target on ExlService stock from $190.00 to $195.00 in a report on Thursday, December 15th. StockNews.com lowered its rating on ExlService stock from ‘buy’ to ‘hold’ in a report on Friday, January 20. Needham & Company LLC raised its price target on ExlService stock from $190.00 to $200.00 in its report on Friday, October 28, giving the company a Buy rating. Citigroup increased its price target for ExlService stock to $145.00 from $140.00 in a report on Friday, Oct. 28. Finally, Cowen raised his price target on ExlService stock to his $175.00 in his Tuesday, November 1 report. One Equity Research her analyst gave the company’s stock a sell rating, one assigned a hold rating, and five issued a buy rating. According to MarketBeat data, ExlService’s current consensus rating is “moderate buy” with an average price target of $167.71.
insider bet
In another ExlService news, director Clyde W. Ostler sold 3,000 shares of the company in a transaction on Tuesday, November 1st. The shares were sold at an average price of $183.08 for a total of $549,240.00. Following the closing of the sale, the directors now directly own 19,261 shares of the Company’s stock valued at approximately $3,526,303.88. The sale was disclosed in filings with the Securities and Exchange Commission, which can be accessed via this hyperlink. In related news, EVP Vikas Bhalla sold 3,896 shares of the company in his Tuesday November 15th deal. The shares sold at an average price of $182.50 for a total transaction value of $711,020.00. Following the closing 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 is disclosed in filings with the Securities and Exchange Commission, which can be accessed on his website at the SEC. Director Clyde W. Ostler also sold 3,000 shares of the company in a transaction on Tuesday, November 1st. The shares sold for an average of $183.08, giving him a total of $549,240.00. After the transaction, the directors now own 19,261 shares of the Company stock valued at $3,526,303.88. Please see here for the disclosure of this sale. Insiders say that in the past three months he has sold 10,035 shares of company stock worth $1,806,792. His 3.51% of shares are now owned by insiders.
About ExlService
(get rating)
ExlService Holdings, Inc is an operations management and analytics company engaged in providing business process management. It operates in insurance, healthcare, travel, transportation, logistics, finance and accounting, analytics, and all other segments. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuities, and retirement services companies.
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Want to know which other hedge funds hold EXLS? Visit HoldingsChannel.com to get the latest ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) 13F filings and insider trading.
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