US Bancorp DE increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,086 shares of the business services provider’s stock after purchasing an additional 1,342 shares during the period. US Bancorp DE owned approximately 0.06% of ExlService worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC purchased a new position in shares of ExlService during the first quarter valued at approximately $29,000. Zions Bancorporation N.A. purchased a new position in shares of ExlService during the first quarter valued at approximately $54,000. Strs Ohio purchased a new position in shares of ExlService during the second quarter valued at approximately $72,000. CIBC Asset Management Inc purchased a new position in shares of ExlService during the second quarter valued at approximately $200,000. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of ExlService during the first quarter valued at approximately $268,000. 93.03% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on EXLS shares. Zacks Investment Research lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. ValuEngine upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Barrington Research restated an “outperform” rating and set a $79.00 target price (up from $70.00) on shares of ExlService in a research report on Wednesday, July 31st. Citigroup lowered shares of ExlService from a “neutral” rating to a “sell” rating and set a $60.00 target price for the company. in a research report on Wednesday, July 17th. Finally, Wedbush restated a “neutral” rating on shares of ExlService in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $69.80.
ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The business had revenue of $243.50 million during the quarter, compared to analyst estimates of $241.67 million. ExlService had a net margin of 4.89% and a return on equity of 13.60%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. On average, sell-side analysts expect that ExlService Holdings, Inc. will post 2.31 EPS for the current fiscal year.
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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