Allianz Asset Management GmbH acquired a new position in ExlService Holdings (NASDAQ:EXLS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,380 shares of the business services provider’s stock, valued at approximately $204,000.
Several other hedge funds have also bought and sold shares of EXLS. Nationwide Fund Advisors raised its position in shares of ExlService by 4.0% in the 3rd quarter. Nationwide Fund Advisors now owns 235,233 shares of the business services provider’s stock worth $13,719,000 after acquiring an additional 8,977 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of ExlService by 58.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 17,719 shares of the business services provider’s stock worth $1,033,000 after acquiring an additional 6,535 shares in the last quarter. Sei Investments Co. raised its position in shares of ExlService by 34.5% in the 3rd quarter. Sei Investments Co. now owns 5,244 shares of the business services provider’s stock worth $305,000 after acquiring an additional 1,345 shares in the last quarter. Rhumbline Advisers raised its position in shares of ExlService by 2.1% in the 3rd quarter. Rhumbline Advisers now owns 74,337 shares of the business services provider’s stock worth $4,335,000 after acquiring an additional 1,555 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of ExlService by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 477,217 shares of the business services provider’s stock worth $27,831,000 after acquiring an additional 15,451 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.
EXLS has been the subject of a number of research analyst reports. BidaskClub lowered ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $71.00 target price on shares of ExlService in a research report on Monday, February 19th. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 target price (down from $72.00) on shares of ExlService in a research report on Monday, February 26th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $65.00 target price on shares of ExlService in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. ExlService currently has a consensus rating of “Hold” and a consensus price target of $62.50.
ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $197.88 million during the quarter, compared to the consensus estimate of $194.86 million. ExlService had a return on equity of 15.09% and a net margin of 6.41%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. analysts forecast that ExlService Holdings will post 2.26 EPS for the current year.
In other ExlService news, CFO Vishal Chhibbar sold 3,000 shares of ExlService stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $59.62, for a total transaction of $178,860.00. Following the completion of the transaction, the chief financial officer now owns 14,361 shares in the company, valued at approximately $856,202.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nalin Kumar Miglani sold 5,157 shares of ExlService stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $58.14, for a total value of $299,827.98. The disclosure for this sale can be found here. Insiders have sold a total of 20,014 shares of company stock valued at $1,205,033 in the last quarter. Company insiders own 5.80% of the company’s stock.
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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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