Mutual of America Capital Management LLC lifted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,799 shares of the business services provider’s stock after acquiring an additional 249 shares during the period. Mutual of America Capital Management LLC’s holdings in ExlService were worth $688,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Lloyd Advisory Services LLC. acquired a new stake in shares of ExlService during the first quarter worth $27,000. Summit Global Investments acquired a new stake in shares of ExlService during the first quarter worth $759,000. Keybank National Association OH acquired a new stake in shares of ExlService during the first quarter worth $1,928,000. Campbell Newman Asset Management Inc. lifted its holdings in shares of ExlService by 141.7% during the first quarter. Campbell Newman Asset Management Inc. now owns 12,414 shares of the business services provider’s stock worth $1,779,000 after purchasing an additional 7,278 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of ExlService during the first quarter worth $70,000. 94.71% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Citigroup increased their price target on ExlService from $134.00 to $140.00 in a report on Friday. StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. JPMorgan Chase & Co. raised ExlService from a “neutral” rating to an “overweight” rating in a report on Thursday. Robert W. Baird raised their target price on ExlService from $138.00 to $146.00 in a report on Thursday, April 14th. Finally, Cowen raised their target price on ExlService from $155.00 to $170.00 in a report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.14.
Insider Buying and Selling
In related news, Director Garen K. Staglin sold 2,500 shares of ExlService stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $148.04, for a total transaction of $370,100.00. Following the completion of the sale, the director now owns 28,174 shares in the company, valued at approximately $4,170,878.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.51% of the stock is currently owned by company insiders.
ExlService Trading Up 3.0 %
NASDAQ:EXLS opened at $168.37 on Friday. The company has a market capitalization of $5.60 billion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 2.48 and a beta of 0.90. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 52-week low of $108.78 and a 52-week high of $171.23. The stock has a fifty day simple moving average of $144.92 and a 200-day simple moving average of $136.17.
ExlService (NASDAQ:EXLS – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The business services provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.18. The business had revenue of $346.78 million during the quarter, compared to the consensus estimate of $329.60 million. ExlService had a return on equity of 20.12% and a net margin of 10.00%. The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. On average, equities research analysts expect that ExlService Holdings, Inc. will post 4.53 earnings per share for the current fiscal year.
ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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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