State of Alaska Department of Revenue Sells 1,885 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

State of Alaska Department of Revenue lessened its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,810 shares of the business services provider’s stock after selling 1,885 shares during the quarter. State of Alaska Department of Revenue’s holdings in ExlService were worth $549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXLS. FinTrust Capital Advisors LLC bought a new stake in ExlService during the 3rd quarter valued at about $29,000. Public Employees Retirement System of Ohio lifted its holdings in ExlService by 439.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock valued at $29,000 after buying an additional 857 shares in the last quarter. Operose Advisors LLC bought a new stake in ExlService during the 3rd quarter valued at about $38,000. RiverPark Advisors LLC lifted its holdings in ExlService by 65.2% during the 4th quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock valued at $39,000 after buying an additional 503 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in ExlService by 944.3% during the 3rd quarter. Fifth Third Bancorp now owns 1,556 shares of the business services provider’s stock valued at $44,000 after buying an additional 1,407 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of research analyst reports. TD Cowen lifted their price objective on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Citigroup raised shares of ExlService from a “neutral” rating to a “buy” rating and raised their target price for the company from $29.00 to $36.00 in a research report on Wednesday, January 17th. Wedbush reissued a “neutral” rating and set a $34.00 target price on shares of ExlService in a research report on Thursday, December 14th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of ExlService in a research report on Friday, March 1st. Finally, StockNews.com downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other ExlService news, EVP Vikas Bhalla sold 23,760 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the sale, the executive vice president now owns 127,046 shares of the company’s stock, valued at approximately $4,003,219.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ajay Ayyappan sold 9,259 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the sale, the executive vice president now directly owns 50,693 shares in the company, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. Insiders own 3.75% of the company’s stock.

ExlService Stock Up 2.5 %

Shares of ExlService stock opened at $30.42 on Friday. The firm’s 50 day moving average price is $30.89 and its 200-day moving average price is $29.73. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $35.94. The company has a market cap of $5.04 billion, a P/E ratio of 27.91, a PEG ratio of 1.56 and a beta of 0.97.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). ExlService had a return on equity of 22.83% and a net margin of 11.32%. The firm had revenue of $414.06 million during the quarter, compared to analysts’ expectations of $408.56 million. On average, sell-side analysts predict that ExlService Holdings, Inc. will post 1.3 EPS for the current fiscal year.

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.