ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 46,327 shares of the business services provider’s stock after selling 1,005 shares during the quarter. Arizona State Retirement System’s holdings in ExlService were worth $1,429,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of EXLS. FinTrust Capital Advisors LLC acquired a new position in shares of ExlService in the 3rd quarter worth $29,000. Public Employees Retirement System of Ohio grew its holdings in shares of ExlService by 439.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after acquiring an additional 857 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of ExlService in the 3rd quarter worth $38,000. RiverPark Advisors LLC grew its holdings in shares of ExlService by 65.2% in the 4th quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock worth $39,000 after acquiring an additional 503 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of ExlService by 944.3% in the 3rd quarter. Fifth Third Bancorp now owns 1,556 shares of the business services provider’s stock worth $44,000 after acquiring an additional 1,407 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Price Performance

EXLS opened at $30.11 on Friday. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.59 and a beta of 0.97. ExlService Holdings, Inc. has a 1 year low of $25.17 and a 1 year high of $35.94. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $30.88 and a 200 day moving average price of $29.75.

ExlService (NASDAQ:EXLS) last released 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). The firm had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. ExlService had a net margin of 11.32% and a return on equity of 22.83%. Analysts forecast that ExlService Holdings, Inc. will post 1.3 EPS for the current fiscal year.

Analysts Set New Price Targets

EXLS has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of ExlService in a report on Friday, March 1st. TD Cowen raised their target price on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Citigroup raised ExlService from a “neutral” rating to a “buy” rating and raised their target price for the stock from $29.00 to $36.00 in a research report on Wednesday, January 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

Insider Buying and Selling at ExlService

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

ExlService 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.