Thrivent Financial for Lutherans Sells 349,768 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Thrivent Financial for Lutherans lessened its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 12.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,397,564 shares of the business services provider’s stock after selling 349,768 shares during the period. Thrivent Financial for Lutherans owned approximately 1.49% of ExlService worth $106,424,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Handelsbanken Fonder AB raised its position in ExlService by 313.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after acquiring an additional 1,664,400 shares during the period. Raymond James Financial Inc. purchased a new position in ExlService during the fourth quarter worth about $52,852,000. Loomis Sayles & Co. L P purchased a new position in shares of ExlService in the third quarter valued at approximately $17,198,000. Tredje AP fonden acquired a new stake in ExlService in the fourth quarter valued at approximately $9,320,000. Finally, Proficio Capital Partners LLC acquired a new stake in ExlService during the fourth quarter worth approximately $8,682,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by insiders.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $46.60 on Tuesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $48.55 and its two-hundred day moving average is $44.15. The company has a market cap of $7.56 billion, a P/E ratio of 40.88, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. On average, equities analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

EXLS has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Needham & Company LLC upped their price target on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.38.

About ExlService

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.