Wells Fargo & Company MN Boosts Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Wells Fargo & Company MN boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,602 shares of the business services provider’s stock after purchasing an additional 12,840 shares during the period. Wells Fargo & Company MN owned about 0.44% of ExlService worth $8,725,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of ExlService by 16.8% in the 2nd quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock valued at $216,060,000 after acquiring an additional 557,892 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of ExlService by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock valued at $163,908,000 after acquiring an additional 61,535 shares in the last quarter. Aberdeen Asset Management PLC UK grew its holdings in shares of ExlService by 0.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,173,749 shares of the business services provider’s stock valued at $65,237,000 after acquiring an additional 5,158 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of ExlService by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,173,323 shares of the business services provider’s stock valued at $65,214,000 after acquiring an additional 13,095 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of ExlService by 30.5% in the 2nd quarter. Macquarie Group Ltd. now owns 841,679 shares of the business services provider’s stock valued at $46,781,000 after acquiring an additional 196,843 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

In other news, Director David B. Kelso sold 7,329 shares of ExlService stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $60.72, for a total value of $445,016.88. Following the completion of the sale, the director now directly owns 4,629 shares in the company, valued at $281,072.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Rohit Kapoor sold 931 shares of ExlService stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $62.50, for a total transaction of $58,187.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,340 shares of company stock valued at $3,427,555. 5.80% of the stock is owned by company insiders.

A number of research firms recently commented on EXLS. Barrington Research lifted their price target on ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Citigroup lifted their price target on ExlService from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 price target on shares of ExlService in a report on Thursday, October 26th. Cantor Fitzgerald reiterated a “buy” rating and set a $64.00 price target on shares of ExlService in a report on Thursday, October 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $68.00 price target (up previously from $60.00) on shares of ExlService in a report on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $62.42.

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) opened at $62.04 on Friday. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2,110.00, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. ExlService Holdings, Inc. has a 1 year low of $44.25 and a 1 year high of $63.35.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The firm had revenue of $192.30 million during the quarter, compared to the consensus estimate of $191.20 million. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. sell-side analysts anticipate that ExlService Holdings, Inc. will post 2.12 EPS for the current fiscal year.

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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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