Mackenzie Financial Corp Has $65.46 Million Holdings in ExlService Holdings, Inc. (EXLS)

Mackenzie Financial Corp decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,122,478 shares of the business services provider’s stock after selling 8,700 shares during the period. Mackenzie Financial Corp owned approximately 3.31% of ExlService worth $65,463,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in ExlService by 0.7% in the second quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 31 shares in the last quarter. Pinebridge Investments L.P. increased its position in shares of ExlService by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after acquiring an additional 67 shares in the last quarter. 1st Global Advisors Inc. increased its position in shares of ExlService by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock worth $508,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in shares of ExlService by 0.6% during the second quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock worth $978,000 after acquiring an additional 100 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of ExlService by 1.3% during the second quarter. US Bancorp DE now owns 13,950 shares of the business services provider’s stock worth $775,000 after acquiring an additional 174 shares in the last quarter. Institutional investors and hedge funds own 95.73% of the company’s stock.

Shares of ExlService Holdings, Inc. (NASDAQ EXLS) opened at $60.97 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 3.81. The company has a market cap of $2,063.39, a P/E ratio of 25.33, a P/E/G ratio of 2.10 and a beta of 1.26. ExlService Holdings, Inc. has a 52 week low of $44.25 and a 52 week high of $62.99.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The business had revenue of $192.30 million for the quarter, compared to analyst estimates of $191.20 million. ExlService had a net margin of 9.94% and a return on equity of 14.81%. ExlService’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. research analysts predict that ExlService Holdings, Inc. will post 2.12 earnings per share for the current fiscal year.

In related news, Director David B. Kelso sold 7,329 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $60.72, for a total transaction of $445,016.88. Following the transaction, the director now owns 4,629 shares of the company’s stock, valued at approximately $281,072.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rohit Kapoor sold 35,780 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $55.79, for a total transaction of $1,996,166.20. The disclosure for this sale can be found here. Insiders sold a total of 399,689 shares of company stock worth $23,382,485 in the last three months. Insiders own 5.80% of the company’s stock.

Several equities research analysts have recently commented on EXLS shares. Barrington Research boosted their target price on shares of ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $62.00 price objective on shares of ExlService in a research report on Friday, September 8th. BidaskClub downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Zacks Investment Research downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $68.00 price objective (up from $60.00) on shares of ExlService in a research report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. ExlService currently has an average rating of “Hold” and an average target price of $62.33.

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ExlService 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.

Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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