BlackRock Inc. lifted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,953,103 shares of the business services provider’s stock after purchasing an additional 48,222 shares during the period. BlackRock Inc. owned 14.42% of ExlService worth $297,285,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Quantamental Technologies LLC bought a new position in shares of ExlService in the first quarter worth about $95,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of ExlService in the fourth quarter worth about $179,000. Crossmark Global Holdings Inc. bought a new position in shares of ExlService in the first quarter worth about $205,000. Bedel Financial Consulting Inc. bought a new position in shares of ExlService in the first quarter worth about $233,000. Finally, Tandem Investment Advisors Inc. increased its stake in shares of ExlService by 7.0% in the first quarter. Tandem Investment Advisors Inc. now owns 4,659 shares of the business services provider’s stock worth $280,000 after purchasing an additional 306 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.
EXLS traded down $0.03 on Friday, hitting $66.52. 67,781 shares of the stock traded hands, compared to its average volume of 126,007. ExlService Holdings, Inc. has a 52 week low of $44.29 and a 52 week high of $67.68. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 2.63 and a beta of 1.08. The business has a fifty day moving average of $62.40.
A number of equities analysts have recently commented on EXLS shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $71.00 price objective on shares of ExlService in a research note on Sunday, April 28th. BidaskClub lowered ExlService from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. ValuEngine lowered ExlService from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Zacks Investment Research upgraded ExlService from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.20.
In other ExlService news, VP Nagaraja Srivatsan sold 1,416 shares of ExlService stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $61.65, for a total transaction of $87,296.40. Following the sale, the vice president now directly owns 542 shares of the company’s stock, valued at $33,414.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vishal Chhibbar sold 25,698 shares of ExlService stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $60.41, for a total value of $1,552,416.18. Following the sale, the chief financial officer now directly owns 30,747 shares in the company, valued at $1,857,426.27. The disclosure for this sale can be found here. Insiders have sold 40,006 shares of company stock worth $2,484,355 over the last ninety days. Company insiders own 3.60% of the company’s stock.
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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