Nationwide Fund Advisors Has $12.58 Million Holdings in ExlService Holdings, Inc. (EXLS)
Nationwide Fund Advisors raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,256 shares of the business services provider’s stock after purchasing an additional 4,652 shares during the period. Nationwide Fund Advisors owned 0.67% of ExlService Holdings worth $12,575,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Huntington National Bank grew its holdings in ExlService Holdings by 82.8% during the second quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 909 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in ExlService Holdings by 61.7% during the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 864 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in ExlService Holdings during the first quarter valued at approximately $133,000. Victory Capital Management Inc. grew its holdings in ExlService Holdings by 72.6% during the first quarter. Victory Capital Management Inc. now owns 3,918 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 1,648 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in ExlService Holdings during the first quarter valued at approximately $187,000. Institutional investors own 94.68% of the company’s stock.
In related news, CFO Vishal Chhibbar sold 1,234 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $55.80, for a total transaction of $68,857.20. Following the transaction, the chief financial officer now directly owns 7,119 shares of the company’s stock, valued at approximately $397,240.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 14,577 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $56.61, for a total value of $825,203.97. The disclosure for this sale can be found here. Insiders have sold a total of 66,711 shares of company stock worth $3,731,695 over the last three months. 5.80% of the stock is owned by insiders.
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Several equities analysts have commented on EXLS shares. Zacks Investment Research upgraded ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a report on Tuesday, July 4th. Citigroup Inc. downgraded ExlService Holdings from a “buy” rating to a “neutral” rating and increased their price target for the company from $54.00 to $59.00 in a report on Tuesday, July 18th. Robert W. Baird reiterated a “buy” rating and set a $62.00 price target on shares of ExlService Holdings in a report on Friday, September 8th. Cowen and Company reiterated a “buy” rating on shares of ExlService Holdings in a report on Friday, September 1st. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $59.00 price target on shares of ExlService Holdings in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $60.00.
Shares of ExlService Holdings, Inc. (EXLS) opened at 57.40 on Friday. ExlService Holdings, Inc. has a 52 week low of $42.00 and a 52 week high of $59.84. The firm has a market cap of $1.94 billion, a P/E ratio of 29.12 and a beta of 1.30. The stock has a 50 day moving average of $56.06 and a 200 day moving average of $51.94.
ExlService Holdings (NASDAQ:EXLS) last posted its earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.24. The business had revenue of $189.10 million for the quarter, compared to analyst estimates of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. Equities analysts forecast that ExlService Holdings, Inc. will post $2.61 earnings per share for the current year.
About ExlService Holdings
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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