Dalton Investments LLC lowered its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 38.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,662 shares of the business services provider’s stock after selling 21,338 shares during the period. ExlService makes up 1.0% of Dalton Investments LLC’s portfolio, making the stock its 22nd biggest position. Dalton Investments LLC owned about 0.10% of ExlService worth $2,226,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in EXLS. US Bancorp DE raised its holdings in shares of ExlService by 7.6% during the second quarter. US Bancorp DE now owns 19,086 shares of the business services provider’s stock worth $1,262,000 after purchasing an additional 1,342 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of ExlService by 7.8% during the second quarter. Parametric Portfolio Associates LLC now owns 112,421 shares of the business services provider’s stock worth $7,434,000 after purchasing an additional 8,101 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of ExlService during the second quarter worth $2,196,000. Polen Capital Management LLC raised its holdings in shares of ExlService by 6.8% during the second quarter. Polen Capital Management LLC now owns 10,688 shares of the business services provider’s stock worth $707,000 after purchasing an additional 682 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of ExlService by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 438,023 shares of the business services provider’s stock worth $28,967,000 after purchasing an additional 1,512 shares during the period. 93.05% of the stock is owned by institutional investors.
A number of analysts recently weighed in on EXLS shares. Barrington Research reaffirmed an “outperform” rating and issued a $79.00 price objective (up previously from $70.00) on shares of ExlService in a report on Wednesday, July 31st. Zacks Investment Research cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. BidaskClub raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating on shares of ExlService in a report on Tuesday, July 16th. Finally, Citigroup cut shares of ExlService from a “neutral” rating to a “sell” rating and set a $60.00 price objective on the stock. in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $69.80.
ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. ExlService had a net margin of 4.89% and a return on equity of 13.60%. The business had revenue of $243.50 million for the quarter, compared to analysts’ expectations of $241.67 million. During the same quarter last year, the company earned $0.67 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts forecast that ExlService Holdings, Inc. will post 2.31 EPS for the current fiscal year.
In other ExlService news, EVP Vikas Bhalla sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $66.35, for a total transaction of $663,500.00. Following the transaction, the executive vice president now owns 920 shares of the company’s stock, valued at approximately $61,042. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Ajay Ayyappan sold 1,892 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $63.50, for a total transaction of $120,142.00. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.
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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