Bank of Montreal Can decreased its stake in ExlService Holdings Inc. (NASDAQ:EXLS) by 47.3% during the third quarter, Holdings Channel reports. The institutional investor owned 6,127 shares of the company’s stock after selling 5,489 shares during the period. Bank of Montreal Can’s holdings in ExlService Holdings were worth $306,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in ExlService Holdings by 77.1% in the second quarter. Victory Capital Management Inc. now owns 1,918 shares of the company’s stock valued at $101,000 after buying an additional 835 shares in the last quarter. BlackRock Inc. increased its stake in ExlService Holdings by 11.4% in the second quarter. BlackRock Inc. now owns 2,771 shares of the company’s stock valued at $146,000 after buying an additional 283 shares in the last quarter. 1st Global Advisors Inc. acquired a new stake in ExlService Holdings during the second quarter valued at about $212,000. Stanley Laman Group Ltd. acquired a new stake in ExlService Holdings during the second quarter valued at about $217,000. Finally, PineBridge Investments L.P. increased its stake in ExlService Holdings by 4.8% in the second quarter. PineBridge Investments L.P. now owns 4,245 shares of the company’s stock valued at $223,000 after buying an additional 195 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.
ExlService Holdings Inc. (NASDAQ:EXLS) traded up 0.72% on Friday, hitting $47.58. 40,339 shares of the stock were exchanged. ExlService Holdings Inc. has a one year low of $40.80 and a one year high of $54.78. The company’s 50 day moving average price is $46.43 and its 200-day moving average price is $49.68. The company has a market cap of $1.59 billion, a P/E ratio of 26.88 and a beta of 1.63.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business earned $171.20 million during the quarter, compared to analyst estimates of $177.37 million. ExlService Holdings had a net margin of 9.04% and a return on equity of 13.57%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts predict that ExlService Holdings Inc. will post $2.33 EPS for the current fiscal year.
Several research firms have issued reports on EXLS. Citigroup Inc. decreased their price objective on shares of ExlService Holdings from $58.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Zacks Investment Research downgraded shares of ExlService Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Cantor Fitzgerald reiterated a “buy” rating and set a $56.00 price objective on shares of ExlService Holdings in a research note on Wednesday, September 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $55.00 price objective on shares of ExlService Holdings in a research note on Friday, October 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $51.33.
In other news, EVP Vikas Bhalla sold 4,062 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $52.50, for a total value of $213,255.00. Following the completion of the sale, the executive vice president now directly owns 2 shares of the company’s stock, valued at $105. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rohit Kapoor sold 11,136 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $50.57, for a total transaction of $563,147.52. The disclosure for this sale can be found here. 5.94% of the stock is currently owned by insiders.
About ExlService Holdings
ExlService Holdings, Inc is an operations management and analytics company. The Company operates through two segments: Operations Management and Analytics. The Company offers operations management solutions to the insurance, healthcare, banking and financial services, utilities, and travel, transportation and logistics industries.