Fmr LLC Has $139.40 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

FMR LLC lowered its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,322,553 shares of the business services provider’s stock after selling 196,843 shares during the quarter. FMR LLC owned about 6.76% of ExlService worth $139,399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in ExlService during the first quarter worth $322,000. Dalton Investments LLC acquired a new position in shares of ExlService in the first quarter worth $3,301,000. NumerixS Investment Technologies Inc acquired a new position in shares of ExlService in the first quarter worth $268,000. Zions Bancorporation N.A. acquired a new position in shares of ExlService in the first quarter worth $54,000. Finally, TimesSquare Capital Management LLC raised its holdings in shares of ExlService by 6.0% in the first quarter. TimesSquare Capital Management LLC now owns 980,836 shares of the business services provider’s stock worth $58,870,000 after acquiring an additional 55,770 shares during the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.

In other news, SVP Ajay Ayyappan sold 1,892 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $63.50, for a total transaction of $120,142.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nagaraja Srivatsan sold 1,416 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $61.65, for a total value of $87,296.40. Following the completion of the transaction, the vice president now directly owns 542 shares of the company’s stock, valued at $33,414.30. The disclosure for this sale can be found here. Insiders have sold 13,308 shares of company stock worth $870,938 in the last 90 days. 3.60% of the stock is currently owned by insiders.

EXLS has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $71.00 price objective on shares of ExlService in a research report on Monday, May 6th. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Barrington Research reaffirmed a “buy” rating on shares of ExlService in a research report on Wednesday. Finally, ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $66.80.

Shares of EXLS traded up $1.51 during midday trading on Thursday, reaching $64.67. 188,387 shares of the company were exchanged, compared to its average volume of 115,016. The company’s 50-day moving average is $63.55. The stock has a market capitalization of $2.24 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.58 and a beta of 1.08. ExlService Holdings, Inc. has a 1-year low of $44.29 and a 1-year high of $67.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.40 and a current ratio of 3.40.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.17. ExlService had a return on equity of 13.63% and a net margin of 5.27%. The business had revenue of $239.57 million for the quarter, compared to analysts’ expectations of $238.88 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 15.8% compared to the same quarter last year. Analysts anticipate that ExlService Holdings, Inc. will post 2.3 EPS for the current year.

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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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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