First Trust Advisors LP Decreases Stake in ExlService Holdings, Inc. (EXLS)
First Trust Advisors LP cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,115 shares of the business services provider’s stock after selling 1,888 shares during the period. First Trust Advisors LP’s holdings in ExlService were worth $1,265,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP boosted its holdings in shares of ExlService by 247.7% in the 2nd quarter. GSA Capital Partners LLP now owns 16,466 shares of the business services provider’s stock valued at $932,000 after buying an additional 11,730 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of ExlService by 11.3% in the 2nd quarter. Macquarie Group Ltd. now owns 832,537 shares of the business services provider’s stock valued at $47,130,000 after buying an additional 84,541 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in shares of ExlService by 50.0% in the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 21,000 shares of the business services provider’s stock valued at $1,390,000 after buying an additional 7,000 shares during the period. BlackRock Inc. boosted its holdings in shares of ExlService by 9.6% in the 2nd quarter. BlackRock Inc. now owns 4,711,882 shares of the business services provider’s stock valued at $266,739,000 after buying an additional 411,745 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of ExlService by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 74,363 shares of the business services provider’s stock valued at $4,218,000 after buying an additional 4,131 shares during the period. 93.19% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on EXLS. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. BidaskClub lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday, October 13th. Barrington Research set a $70.00 price target on shares of ExlService and gave the company a “buy” rating in a report on Friday, November 2nd. ValuEngine lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Finally, Wedbush reaffirmed a “neutral” rating on shares of ExlService in a report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $65.20.
ExlService stock opened at $55.51 on Friday. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.90 and a beta of 1.26. ExlService Holdings, Inc. has a 52-week low of $51.72 and a 52-week high of $67.06.
ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, November 1st. The business services provider reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The firm had revenue of $231.12 million during the quarter, compared to analyst estimates of $231.49 million. ExlService had a net margin of 5.14% and a return on equity of 13.96%. ExlService’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Equities analysts forecast that ExlService Holdings, Inc. will post 2.23 EPS for the current fiscal year.
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ExlService Company Profile
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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