Victory Capital Management Inc. Raises Stake in ExlService Holdings Inc. (EXLS)
Victory Capital Management Inc. increased its position in shares of ExlService Holdings Inc. (NASDAQ:EXLS) by 77.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,918 shares of the company’s stock after buying an additional 835 shares during the period. Victory Capital Management Inc.’s holdings in ExlService Holdings were worth $101,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mesirow Financial Investment Management Equity Management acquired a new position in shares of ExlService Holdings during the second quarter valued at $27,463,000. Aberdeen Asset Management PLC UK increased its position in shares of ExlService Holdings by 122.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 407,594 shares of the company’s stock valued at $21,362,000 after buying an additional 224,014 shares during the period. Norges Bank acquired a new position in shares of ExlService Holdings during the fourth quarter valued at $8,044,000. Henderson Group PLC increased its position in shares of ExlService Holdings by 101.6% in the second quarter. Henderson Group PLC now owns 331,943 shares of the company’s stock valued at $17,397,000 after buying an additional 167,283 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of ExlService Holdings during the second quarter valued at $5,391,000. Institutional investors and hedge funds own 98.65% of the company’s stock.
Shares of ExlService Holdings Inc. (NASDAQ:EXLS) traded down 0.46% during trading on Friday, hitting $49.41. The stock had a trading volume of 141,797 shares. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 28.07 and a beta of 1.61. ExlService Holdings Inc. has a 12-month low of $38.52 and a 12-month high of $54.78. The stock’s 50-day moving average is $50.36 and its 200-day moving average is $50.71.
ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $170.65 million. ExlService Holdings had a return on equity of 13.86% and a net margin of 9.02%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. On average, equities research analysts expect that ExlService Holdings Inc. will post $2.32 EPS for the current year.
EXLS has been the topic of several research analyst reports. Zacks Investment Research downgraded ExlService Holdings from a “hold” rating to a “sell” rating in a research note on Monday, June 20th. Cantor Fitzgerald set a $56.00 target price on ExlService Holdings and gave the stock a “buy” rating in a research note on Thursday, July 28th. JPMorgan Chase & Co. restated a “hold” rating and set a $54.00 target price on shares of ExlService Holdings in a research note on Tuesday, July 19th. Finally, Citigroup Inc. dropped their target price on ExlService Holdings from $58.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. ExlService Holdings currently has a consensus rating of “Buy” and an average price target of $51.56.
In related news, CEO Rohit Kapoor sold 1,061 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $50.51, for a total value of $53,591.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Vikas Bhalla sold 4,062 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $52.50, for a total value of $213,255.00. Following the completion of the transaction, the executive vice president now directly owns 2 shares in the company, valued at approximately $105. The disclosure for this sale can be found here. 5.94% of the stock is owned by insiders.
About ExlService Holdings
ExlService Holdings, Inc is an operations management and analytics company. The Company operates through two segments: Operations Management and Analytics. The Company offers operations management solutions to the insurance, healthcare, banking and financial services, utilities, and travel, transportation and logistics industries.
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