Suntrust Banks Inc. decreased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,915 shares of the business services provider’s stock after selling 195 shares during the quarter. Suntrust Banks Inc.’s holdings in ExlService Holdings were worth $439,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank boosted its stake in shares of ExlService Holdings by 82.8% in 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 period. Riverhead Capital Management LLC boosted its stake in shares of ExlService Holdings by 61.7% in 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 period. Ameritas Investment Partners Inc. purchased a new position in shares of ExlService Holdings in the first quarter valued at approximately $133,000. Victory Capital Management Inc. boosted its stake in shares of ExlService Holdings by 72.6% in 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 period. Finally, Personal Capital Advisors Corp purchased a new position in shares of ExlService Holdings in the second quarter valued at approximately $212,000. 94.68% of the stock is owned by institutional investors and hedge funds.
ExlService Holdings, Inc. (NASDAQ:EXLS) opened at 60.04 on Thursday. The stock has a market cap of $2.03 billion, a P/E ratio of 30.46 and a beta of 1.27. ExlService Holdings, Inc. has a 52 week low of $42.00 and a 52 week high of $60.19. The company has a 50-day moving average of $57.04 and a 200-day moving average of $53.36.
ExlService Holdings (NASDAQ:EXLS) last released its earnings results on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.24. The company had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS. On average, analysts predict that ExlService Holdings, Inc. will post $2.61 EPS for the current fiscal year.
Several research analysts have recently commented on EXLS shares. Cantor Fitzgerald reissued a “buy” rating and issued a $59.00 price objective on shares of ExlService Holdings in a research note on Tuesday, June 20th. Needham & Company LLC lifted their price target on shares of ExlService Holdings from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a research note on Tuesday, July 4th. BidaskClub downgraded shares of ExlService Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Citigroup Inc. downgraded shares of ExlService Holdings from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $54.00 to $59.00 in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.00.
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In related news, EVP Villa Rembert De sold 900 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $56.01, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vishal Chhibbar sold 7,119 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $59.41, for a total value of $422,939.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 271,438 shares of company stock valued at $15,578,092. Company insiders own 5.80% of the company’s stock.
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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