ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLSGet Rating) by 31.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,696 shares of the business services provider’s stock after selling 12,024 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.08% of ExlService worth $3,825,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of ExlService by 1.4% during the 1st quarter. BlackRock Inc. now owns 5,054,281 shares of the business services provider’s stock worth $724,125,000 after acquiring an additional 67,935 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of ExlService by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,611,608 shares of the business services provider’s stock worth $517,436,000 after acquiring an additional 45,534 shares in the last quarter. State Street Corp boosted its stake in shares of ExlService by 3.0% during the 1st quarter. State Street Corp now owns 1,086,277 shares of the business services provider’s stock worth $155,631,000 after acquiring an additional 31,277 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in ExlService by 49.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 658,644 shares of the business services provider’s stock valued at $94,364,000 after buying an additional 216,548 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in ExlService by 7.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 619,320 shares of the business services provider’s stock valued at $88,730,000 after buying an additional 41,805 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Insider Transactions at ExlService

In other news, EVP Vikas Bhalla sold 3,588 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $149.90, for a total transaction of $537,841.20. Following the completion of the sale, the executive vice president now directly owns 13,275 shares in the company, valued at approximately $1,989,922.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EXLS shares. Citigroup upped their target price on ExlService from $134.00 to $140.00 in a research note on Friday, July 29th. Cowen upped their target price on ExlService from $155.00 to $170.00 in a research note on Friday, July 29th. Needham & Company LLC raised ExlService from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, July 29th. JPMorgan Chase & Co. raised ExlService from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 28th. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Monday, September 5th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $159.83.

ExlService Trading Up 1.3 %

Shares of ExlService stock opened at $173.41 on Monday. The firm has a market cap of $5.73 billion, a PE ratio of 46.49, a P/E/G ratio of 2.87 and a beta of 0.92. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average is $165.19 and its two-hundred day moving average is $148.76. ExlService Holdings, Inc. has a fifty-two week low of $112.14 and a fifty-two week high of $179.81.

ExlService (NASDAQ:EXLSGet Rating) last released its quarterly earnings data on Thursday, July 28th. The business services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.18. The business had revenue of $346.78 million during the quarter, compared to the consensus estimate of $329.60 million. ExlService had a return on equity of 21.78% and a net margin of 10.05%. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. Analysts anticipate that ExlService Holdings, Inc. will post 4.63 earnings per share for the current year.

ExlService Profile

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ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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.

See Also

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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