Ronald Blue Trust Inc. lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) by 18.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,516 shares of the business services provider’s stock after acquiring an additional 233 shares during the quarter. Ronald Blue Trust Inc.’s holdings in ExlService were worth $257,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of EXLS. BlackRock Inc. increased its position in ExlService by 1.4% during the first quarter. BlackRock Inc. now owns 5,054,281 shares of the business services provider’s stock worth $724,125,000 after buying an additional 67,935 shares during the last quarter. Vanguard Group Inc. boosted its position in ExlService by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,611,608 shares of the business services provider’s stock worth $517,436,000 after purchasing an additional 45,534 shares during the period. State Street Corp lifted its position in ExlService by 0.6% during the second quarter. State Street Corp now owns 1,093,139 shares of the business services provider’s stock worth $161,052,000 after acquiring an additional 6,862 shares during the last quarter. Geode Capital Management LLC lifted its position in ExlService by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 679,526 shares of the business services provider’s stock worth $115,132,000 after acquiring an additional 6,280 shares during the last quarter. Finally, Invesco Ltd. lifted its position in ExlService by 49.7% during the first quarter. Invesco Ltd. now owns 466,371 shares of the business services provider’s stock worth $66,817,000 after acquiring an additional 154,763 shares during the last quarter. 92.96% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at ExlService
In other ExlService news, Director Anne Elizabeth Minto sold 557 shares of ExlService stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $152.74, for a total value of $85,076.18. Following the transaction, the director now owns 2,533 shares in the company, valued at $386,890.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Clyde W. Ostler sold 1,402 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $178.11, for a total value of $249,710.22. Following the completion of the transaction, the director now directly owns 15,843 shares in the company, valued at approximately $2,821,796.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne Elizabeth Minto sold 557 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $152.74, for a total value of $85,076.18. Following the completion of the transaction, the director now owns 2,533 shares of the company’s stock, valued at $386,890.42. The disclosure for this sale can be found here. 3.75% of the stock is owned by insiders.
ExlService Stock Performance
ExlService (NASDAQ:EXLS – Free Report) last posted its quarterly earnings results on Thursday, April 27th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. ExlService had a net margin of 10.66% and a return on equity of 23.43%. The business had revenue of $400.64 million for the quarter, compared to analyst estimates of $377.55 million. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 5.53 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have issued reports on EXLS shares. Citigroup upgraded shares of ExlService from a “sell” rating to a “neutral” rating and set a $160.00 price objective for the company in a research report on Wednesday, March 15th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price objective on shares of ExlService in a research report on Friday, March 3rd. Finally, StockNews.com initiated coverage on ExlService in a research report on Thursday, May 18th. They set a “buy” rating on the stock.
About ExlService
ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.
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