Hood River Capital Management Lowers stake in ExlService Holdings (EXLS)

ExlService Holdings (EXLS) : Hood River Capital Management reduced its stake in ExlService Holdings by 1.75% during the most recent quarter end. The investment management company now holds a total of 292,948 shares of ExlService Holdings which is valued at $14,421,830 after selling 5,233 shares in ExlService Holdings , the firm said in a disclosure report filed with the SEC on May 3, 2016.ExlService Holdings makes up approximately 2.00% of Hood River Capital Management’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co boosted its stake in EXLS in the latest quarter, The investment management firm added 8,383 additional shares and now holds a total of 11,893 shares of ExlService Holdings which is valued at $575,502. ExlService Holdings makes up approx 0.07% of First Mercantile Trust Co’s portfolio.Russell Frank Co boosted its stake in EXLS in the latest quarter, The investment management firm added 9,160 additional shares and now holds a total of 68,336 shares of ExlService Holdings which is valued at $3,306,779. ExlService Holdings makes up approx 0.01% of Russell Frank Co’s portfolio.Aperio Group boosted its stake in EXLS in the latest quarter, The investment management firm added 2,549 additional shares and now holds a total of 8,868 shares of ExlService Holdings which is valued at $429,123.New York State Teachers Retirement System boosted its stake in EXLS in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 16,500 shares of ExlService Holdings which is valued at $845,130.

ExlService Holdings closed down -0.09 points or -0.18% at $48.66 with 78,812 shares getting traded on Tuesday. Post opening the session at $48.97, the shares hit an intraday low of $48.33 and an intraday high of $48.995 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, ExlService Holdings reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.53. The company had revenue of $167.00 million for the quarter, compared to analysts expectations of $165.01 million. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on ExlService Holdings. Needham Upgraded ExlService Holdings on Feb 24, 2016 to ” Buy”, Price Target of the shares are set at $56.

ExlService Holdings Inc. (EXL) provides business process solutions. The Company’s business is divided into two reporting segments: Operations Management (previously Outsourcing Services) and Analytics and Business Transformation (previously Transformation Services). It provides Operations Management solutions to sectors including insurance healthcare utilities banking and financial services and travel transportation and logistics sectors as well as cross-industry operations management solutions such as finance and accounting services. Its Analytics and Business Transformation services include its Analytics Operations Consulting and Finance Transformation services. Its global delivery network spreads across the United States Europe and Asia. It operates 19 operations centers in India six operations centers in the United States five operations centers in the Philippines and one operations center in each of Bulgaria Romania and the Czech Republic.

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