Macquarie Group Ltd. grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 832,537 shares of the business services provider’s stock after acquiring an additional 84,541 shares during the period. Macquarie Group Ltd.’s holdings in ExlService were worth $47,130,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tributary Capital Management LLC lifted its stake in shares of ExlService by 9.5% during the 2nd quarter. Tributary Capital Management LLC now owns 350,982 shares of the business services provider’s stock worth $19,869,000 after buying an additional 30,329 shares during the last quarter. Fenimore Asset Management Inc. acquired a new stake in shares of ExlService during the 2nd quarter worth about $10,477,000. Oppenheimer Asset Management Inc. lifted its stake in shares of ExlService by 8.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,541 shares of the business services provider’s stock worth $1,503,000 after buying an additional 2,058 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of ExlService during the 2nd quarter worth about $301,000. Finally, Rhumbline Advisers lifted its stake in shares of ExlService by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 89,994 shares of the business services provider’s stock worth $5,095,000 after buying an additional 2,889 shares during the last quarter. Institutional investors own 91.46% of the company’s stock.
Shares of ExlService stock opened at $65.18 on Friday. ExlService Holdings, Inc. has a twelve month low of $52.52 and a twelve month high of $65.99. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.27 and a beta of 1.29.
In other ExlService news, CFO Vishal Chhibbar sold 2,761 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $63.00, for a total value of $173,943.00. Following the transaction, the chief financial officer now directly owns 8,600 shares of the company’s stock, valued at approximately $541,800. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 2,118 shares of the firm’s stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $62.50, for a total transaction of $132,375.00. Following the completion of the transaction, the chief executive officer now directly owns 362,759 shares in the company, valued at $22,672,437.50. The disclosure for this sale can be found here. Insiders sold a total of 140,496 shares of company stock valued at $8,816,708 in the last quarter. Corporate insiders own 4.40% of the company’s stock.
EXLS has been the subject of a number of research reports. Zacks Investment Research cut shares of ExlService from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. SunTrust Banks upgraded shares of ExlService from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Friday, June 1st. BidaskClub upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, June 6th. Cantor Fitzgerald reiterated a “buy” rating and issued a $71.00 price objective on shares of ExlService in a research note on Thursday, August 2nd. Finally, Barrington Research set a $70.00 price objective on shares of ExlService and gave the stock a “buy” rating in a research note on Friday, July 13th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $64.00.
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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