ETRADE Capital Management LLC Takes $216,000 Position in ExlService Holdings, Inc. (EXLS)
ETRADE Capital Management LLC acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,709 shares of the business services provider’s stock, valued at approximately $216,000.
Several other large investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of ExlService by 16.8% in the second quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock valued at $216,060,000 after buying an additional 557,892 shares during the last quarter. Vanguard Group Inc. raised its position in shares of ExlService by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock valued at $163,908,000 after buying an additional 61,535 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of ExlService by 0.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,173,749 shares of the business services provider’s stock valued at $65,237,000 after buying an additional 5,158 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of ExlService by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,173,323 shares of the business services provider’s stock valued at $65,214,000 after buying an additional 13,095 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in ExlService by 30.5% during the second quarter. Macquarie Group Ltd. now owns 841,679 shares of the business services provider’s stock worth $46,781,000 after purchasing an additional 196,843 shares during the last quarter. 95.73% of the stock is owned by institutional investors and hedge funds.
Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) opened at $60.31 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 3.81. ExlService Holdings, Inc. has a 52 week low of $44.25 and a 52 week high of $62.99. The stock has a market cap of $2,056.27, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26.
ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.03. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The company had revenue of $192.30 million during the quarter, compared to the consensus estimate of $191.20 million. During the same period in the previous year, the firm earned $0.61 earnings per share. ExlService’s revenue for the quarter was up 12.3% on a year-over-year basis. sell-side analysts predict that ExlService Holdings, Inc. will post 2.12 EPS for the current year.
In other ExlService news, EVP Villa Rembert De sold 31,370 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $57.21, for a total transaction of $1,794,677.70. Following the completion of the sale, the executive vice president now directly owns 17,067 shares in the company, valued at $976,403.07. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 42,118 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $58.96, for a total transaction of $2,483,277.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 388,834 shares of company stock valued at $22,724,604. 5.80% of the stock is owned by insiders.
Several brokerages recently commented on EXLS. SunTrust Banks reaffirmed a “hold” rating and set a $60.00 price target on shares of ExlService in a research report on Monday, October 9th. Zacks Investment Research lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Wedbush reaffirmed a “neutral” rating and set a $63.00 price target on shares of ExlService in a research report on Wednesday, August 9th. Cowen reaffirmed a “buy” rating and set a $54.00 price target on shares of ExlService in a research report on Thursday, October 12th. Finally, Robert W. Baird upped their price target on shares of ExlService from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $62.33.
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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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