Schwab Charles Investment Management Inc. Has $9.36 Million Position in ExlService Holdings, Inc. (EXLS)

Schwab Charles Investment Management Inc. increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 160,409 shares of the business services provider’s stock after acquiring an additional 16,228 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.47% of ExlService worth $9,356,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Riverhead Capital Management LLC raised its stake in ExlService by 61.7% during the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock worth $126,000 after purchasing an additional 864 shares during the period. ETRADE Capital Management LLC purchased a new position in ExlService during the third quarter worth approximately $216,000. Sei Investments Co. raised its stake in ExlService by 105.3% during the second quarter. Sei Investments Co. now owns 3,899 shares of the business services provider’s stock worth $217,000 after purchasing an additional 2,000 shares during the period. GSA Capital Partners LLP purchased a new position in ExlService during the second quarter worth approximately $234,000. Finally, Pinebridge Investments L.P. raised its stake in ExlService by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.

In other news, CEO Rohit Kapoor sold 7,882 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $58.81, for a total value of $463,540.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David B. Kelso sold 7,329 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $60.72, for a total transaction of $445,016.88. Following the completion of the transaction, the director now directly owns 4,629 shares in the company, valued at approximately $281,072.88. The disclosure for this sale can be found here. In the last three months, insiders sold 146,171 shares of company stock worth $8,861,211. Insiders own 5.80% of the company’s stock.

EXLS has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of ExlService from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Barrington Research increased their price target on shares of ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 price target on shares of ExlService in a research note on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $68.00 price target (up previously from $60.00) on shares of ExlService in a research note on Sunday, October 29th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $64.00 price target on shares of ExlService in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. ExlService currently has an average rating of “Hold” and an average price target of $62.33.

ExlService Holdings, Inc. (EXLS) opened at $60.35 on Monday. ExlService Holdings, Inc. has a one year low of $44.25 and a one year high of $63.35. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.08. The company has a market cap of $2,048.46, a price-to-earnings ratio of 28.60, a PEG ratio of 2.08 and a beta of 1.26.

ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. ExlService had a net margin of 9.94% and a return on equity of 14.81%. The business had revenue of $192.30 million for the quarter, compared to the consensus estimate of $191.20 million. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. sell-side analysts forecast that ExlService Holdings, Inc. will post 2.12 earnings per share for the current year.

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About ExlService

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 (NASDAQ:EXLS)

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