Kalos Management Inc. Acquires New Stake in ExlService Holdings, Inc. (EXLS)

Kalos Management Inc. acquired a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,362 shares of the business services provider’s stock, valued at approximately $604,000.

Several other large investors have also bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of ExlService by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 4,478 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 31 shares in the last quarter. Pinebridge Investments L.P. boosted its position in shares of ExlService by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 67 shares in the last quarter. Arizona State Retirement System boosted its position in shares of ExlService by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 17,592 shares of the business services provider’s stock valued at $978,000 after purchasing an additional 100 shares in the last quarter. 1st Global Advisors Inc. boosted its position in shares of ExlService by 1.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 100 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of ExlService by 5.2% during the 2nd quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock valued at $252,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 95.73% of the company’s stock.

Several research analysts have commented on the stock. BidaskClub cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. ValuEngine cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Needham & Company LLC reiterated a “buy” rating and issued a $68.00 target price (up from $60.00) on shares of ExlService in a report on Sunday, October 29th. Finally, Barrington Research raised their target price on shares of ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $62.33.

Shares of ExlService Holdings, Inc. (NASDAQ:EXLS) opened at $60.64 on Tuesday. 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 stock has a market cap of $2,077.65, a P/E ratio of 25.50, a PEG ratio of 2.11 and a beta of 1.26. ExlService Holdings, Inc. has a 52-week low of $44.25 and a 52-week high of $62.99.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $192.30 million during the quarter, compared to analyst estimates of $191.20 million. ExlService had a net margin of 10.96% and a return on equity of 14.38%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. research analysts anticipate that ExlService Holdings, Inc. will post 2.12 EPS for the current fiscal year.

In related news, EVP Villa Rembert De sold 31,370 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $57.21, for a total transaction of $1,794,677.70. Following the transaction, the executive vice president now owns 17,067 shares of the company’s stock, valued at $976,403.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vishal Chhibbar sold 7,119 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $59.41, for a total transaction of $422,939.79. The disclosure for this sale can be found here. Insiders sold 399,689 shares of company stock valued at $23,382,485 over the last three months. 5.80% of the stock is owned by insiders.

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ExlService Profile

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.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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