Retirement Systems of Alabama Sells 4,419 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Retirement Systems of Alabama lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,069 shares of the business services provider’s stock after selling 4,419 shares during the period. Retirement Systems of Alabama’s holdings in ExlService were worth $7,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in ExlService during the 3rd quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. increased its stake in ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after acquiring an additional 574 shares during the last quarter. Huntington National Bank raised its position in ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares during the period. UMB Bank n.a. lifted its holdings in ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after buying an additional 375 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of ExlService by 32.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock worth $89,000 after buying an additional 576 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,290,240 shares in the company, valued at $53,480,448. This represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now directly owns 102,825 shares in the company, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on EXLS. Citigroup lifted their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

ExlService Stock Down 1.1 %

EXLS stock opened at $45.59 on Wednesday. The company has a market capitalization of $7.33 billion, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $47.37. The firm’s fifty day simple moving average is $43.48 and its 200-day simple moving average is $37.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also 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.