Maryland State Retirement & Pension System grew its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 0.6% during the 1st quarter, Holdings Channel reports. The firm owned 13,355 shares of the business services provider’s stock after buying an additional 78 shares during the period. Maryland State Retirement & Pension System’s holdings in ExlService were worth $1,913,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. acquired a new stake in shares of ExlService in the fourth quarter valued at approximately $28,000. UMB Bank N A MO acquired a new stake in shares of ExlService in the fourth quarter valued at approximately $77,000. Van ECK Associates Corp acquired a new stake in shares of ExlService in the fourth quarter valued at approximately $103,000. Point72 Hong Kong Ltd boosted its position in ExlService by 414.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 869 shares of the business services provider’s stock worth $126,000 after acquiring an additional 700 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in ExlService during the fourth quarter worth approximately $151,000. Institutional investors and hedge funds own 94.71% of the company’s stock.
EXLS has been the topic of a number of analyst reports. Bank of America upgraded shares of ExlService from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $143.00 in a research report on Tuesday, March 1st. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Friday, June 17th. Cowen decreased their target price on shares of ExlService from $160.00 to $155.00 in a research report on Friday, June 17th. Robert W. Baird lifted their price target on shares of ExlService from $138.00 to $146.00 in a report on Thursday, April 14th. Finally, Citigroup lifted their price target on shares of ExlService from $127.00 to $149.00 in a report on Wednesday, April 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $147.00.
Shares of EXLS stock opened at $140.48 on Thursday. The company’s fifty day simple moving average is $139.79 and its 200-day simple moving average is $134.17. ExlService Holdings, Inc. has a 52 week low of $105.07 and a 52 week high of $154.98. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.37. The company has a market cap of $4.68 billion, a PE ratio of 40.37, a P/E/G ratio of 2.27 and a beta of 0.97.
ExlService (NASDAQ:EXLS – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.19. ExlService had a net margin of 10.00% and a return on equity of 20.12%. The firm had revenue of $329.20 million for the quarter, compared to the consensus estimate of $307.04 million. During the same quarter in the previous year, the firm posted $1.02 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. Equities research analysts expect that ExlService Holdings, Inc. will post 4.54 EPS for the current fiscal year.
ExlService Company Profile (Get Rating)
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 across the insurance industry in areas, 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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