Prudential Financial Inc. Boosts Stake in ExlService Holdings Inc. (EXLS)
Prudential Financial Inc. increased its stake in ExlService Holdings Inc. (NASDAQ:EXLS) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,779 shares of the company’s stock after buying an additional 3,270 shares during the period. Prudential Financial Inc. owned approximately 0.25% of ExlService Holdings worth $4,443,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of EXLS. Aperio Group LLC increased its position in ExlService Holdings by 40.3% in the first quarter. Aperio Group LLC now owns 8,868 shares of the company’s stock worth $459,000 after buying an additional 2,549 shares during the period. Pacad Investment Ltd. purchased a new stake in shares of ExlService Holdings during the first quarter worth approximately $218,000. TIAA CREF Investment Management LLC boosted its stake in shares of ExlService Holdings by 33.2% in the first quarter. TIAA CREF Investment Management LLC now owns 171,826 shares of the company’s stock worth $8,901,000 after buying an additional 42,841 shares in the last quarter. BlackRock Inc. boosted its stake in shares of ExlService Holdings by 118.4% in the first quarter. BlackRock Inc. now owns 2,488 shares of the company’s stock worth $129,000 after buying an additional 1,349 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of ExlService Holdings by 8.2% in the first quarter. BlackRock Group LTD now owns 49,952 shares of the company’s stock worth $2,587,000 after buying an additional 3,792 shares in the last quarter. 94.23% of the stock is owned by institutional investors.
Shares of ExlService Holdings Inc. (NASDAQ:EXLS) opened at 48.65 on Monday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 27.64 and a beta of 1.61. ExlService Holdings Inc. has a one year low of $38.52 and a one year high of $54.78. The stock has a 50 day moving average of $50.31 and a 200-day moving average of $50.69.
ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. ExlService Holdings had a return on equity of 13.86% and a net margin of 9.02%. The company earned $170.50 million during the quarter, compared to the consensus estimate of $170.65 million. During the same period last year, the company earned $0.48 EPS. ExlService Holdings’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts forecast that ExlService Holdings Inc. will post $2.32 earnings per share for the current year.
EXLS has been the subject of a number of research reports. Cantor Fitzgerald set a $56.00 target price on shares of ExlService Holdings and gave the stock a “buy” rating in a research note on Thursday, July 28th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $54.00 target price on shares of ExlService Holdings in a report on Tuesday, July 19th. Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of ExlService Holdings in a report on Friday. Zacks Investment Research raised shares of ExlService Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Citigroup Inc. decreased their target price on shares of ExlService Holdings from $58.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $51.90.
In other news, EVP Vikas Bhalla sold 4,062 shares of ExlService Holdings stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $52.50, for a total transaction of $213,255.00. Following the transaction, the executive vice president now directly owns 2 shares of the company’s stock, valued at approximately $105. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rohit Kapoor sold 11,136 shares of ExlService Holdings stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $50.57, for a total value of $563,147.52. The disclosure for this sale can be found here. Company insiders own 5.94% of the company’s stock.
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.
Want to see what other hedge funds are holding EXLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExlService Holdings Inc. (NASDAQ:EXLS).
Receive News & Ratings for ExlService Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.