Aperio Group LLC Boosts Stake in ExlService Holdings, Inc. (EXLS)

Aperio Group LLC boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 29.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,493 shares of the business services provider’s stock after buying an additional 3,044 shares during the period. Aperio Group LLC’s holdings in ExlService Holdings were worth $750,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of EXLS. BlackRock Inc. increased its stake in shares of ExlService Holdings by 145,337.4% in the first quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock valued at $188,797,000 after buying an additional 3,983,699 shares during the period. Vanguard Group Inc. increased its stake in shares of ExlService Holdings by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,887,499 shares of the business services provider’s stock valued at $136,752,000 after buying an additional 135,087 shares during the period. Aberdeen Asset Management PLC UK increased its stake in shares of ExlService Holdings by 16.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,168,591 shares of the business services provider’s stock valued at $55,344,000 after buying an additional 162,445 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of ExlService Holdings by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,160,228 shares of the business services provider’s stock valued at $54,948,000 after buying an additional 13,416 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of ExlService Holdings by 49.7% in the first quarter. Mackenzie Financial Corp now owns 1,022,878 shares of the business services provider’s stock valued at $48,444,000 after buying an additional 339,521 shares during the period. 94.41% of the stock is currently owned by institutional investors.

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) traded down 0.54% on Monday, reaching $55.16. The company’s stock had a trading volume of 28,156 shares. ExlService Holdings, Inc. has a 52-week low of $42.00 and a 52-week high of $59.84. The stock has a 50-day moving average of $55.81 and a 200 day moving average of $50.43. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 27.99 and a beta of 1.30.

ExlService Holdings (NASDAQ:EXLS) last posted its earnings results on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.24. The business had revenue of $189.10 million during the quarter, compared to analyst estimates of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. On average, equities research analysts forecast that ExlService Holdings, Inc. will post $2.61 earnings per share for the current year.

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Several brokerages recently issued reports on EXLS. BidaskClub downgraded ExlService Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Cowen and Company reiterated a “buy” rating and set a $54.00 price target on shares of ExlService Holdings in a report on Friday, July 28th. Wedbush reiterated a “neutral” rating and set a $63.00 price target on shares of ExlService Holdings in a report on Wednesday, August 9th. Wells Fargo & Company reiterated a “market perform” rating and set a $50.00 price target (up previously from $48.00) on shares of ExlService Holdings in a report on Tuesday, May 23rd. Finally, Bank of America Corporation downgraded ExlService Holdings from a “buy” rating to an “underperform” rating and set a $55.00 price target for the company. in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. ExlService Holdings currently has a consensus rating of “Buy” and a consensus price target of $59.80.

In other ExlService Holdings news, EVP Villa Rembert De sold 900 shares of ExlService Holdings stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $56.01, for a total value of $50,409.00. Following the completion of the sale, the executive vice president now owns 10,697 shares of the company’s stock, valued at approximately $599,138.97. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vishal Chhibbar sold 1,234 shares of ExlService Holdings stock in a transaction on Monday, June 26th. The stock was sold at an average price of $55.80, for a total value of $68,857.20. Following the completion of the sale, the chief financial officer now directly owns 7,119 shares of the company’s stock, valued at approximately $397,240.20. The disclosure for this sale can be found here. In the last three months, insiders sold 82,142 shares of company stock valued at $4,454,220. Corporate insiders own 5.80% of the company’s stock.

About ExlService Holdings

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 Holdings (NASDAQ:EXLS)

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