Ramsey Quantitative Systems Buys Shares of 6,452 ExlService Holdings, Inc. (EXLS)
Ramsey Quantitative Systems bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) during the second quarter, according to its most recent filing with the SEC. The firm bought 6,452 shares of the business services provider’s stock, valued at approximately $359,000. ExlService Holdings makes up 0.4% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 28th largest holding.
Several other institutional investors and hedge funds have also recently modified their holdings of EXLS. Huntington National Bank lifted its holdings in shares of ExlService Holdings by 82.8% in the 2nd quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock worth $112,000 after purchasing an additional 909 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of ExlService Holdings by 61.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock worth $126,000 after purchasing an additional 864 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of ExlService Holdings in the 1st quarter worth $133,000. Victory Capital Management Inc. lifted its holdings in shares of ExlService Holdings by 72.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,918 shares of the business services provider’s stock worth $186,000 after purchasing an additional 1,648 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of ExlService Holdings in the 1st quarter worth $187,000. Institutional investors own 94.68% of the company’s stock.
EXLS has been the topic of several recent analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $59.00 price objective on shares of ExlService Holdings in a research note on Tuesday, June 20th. Needham & Company LLC raised their price objective on ExlService Holdings from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research note on Tuesday, July 4th. BidaskClub cut ExlService Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Citigroup Inc. cut ExlService Holdings from a “buy” rating to a “neutral” rating and raised their price objective for the company from $54.00 to $59.00 in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $60.00.
Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) traded up 1.47% during trading on Friday, reaching $57.40. The company’s stock had a trading volume of 216,701 shares. The firm has a market cap of $1.94 billion, a P/E ratio of 29.12 and a beta of 1.30. ExlService Holdings, Inc. has a one year low of $42.00 and a one year high of $59.84. The stock’s 50 day moving average is $56.06 and its 200 day moving average is $51.94.
ExlService Holdings (NASDAQ:EXLS) last released its earnings results on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.24. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The firm had revenue of $189.10 million for the quarter, compared to analysts’ expectations of $185.65 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities analysts forecast that ExlService Holdings, Inc. will post $2.61 EPS for the current fiscal year.
In other news, CFO Vishal Chhibbar sold 1,234 shares of the company’s stock in a transaction 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 $397,240.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Villa Rembert De sold 900 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $56.01, for a total value of $50,409.00. Following the transaction, the executive vice president now directly owns 10,697 shares in the company, valued at $599,138.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,711 shares of company stock worth $3,731,695. Corporate insiders own 5.80% of the company’s stock.
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ExlService Holdings Company Profile
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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