Nisa Investment Advisors LLC Cuts Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Nisa Investment Advisors LLC reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,630 shares of the business services provider’s stock after selling 510 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ExlService were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in EXLS. Bank of Montreal Can raised its position in shares of ExlService by 17.3% in the 1st quarter. Bank of Montreal Can now owns 13,693 shares of the business services provider’s stock worth $1,976,000 after buying an additional 2,020 shares during the period. MetLife Investment Management LLC raised its position in shares of ExlService by 54.1% in the 1st quarter. MetLife Investment Management LLC now owns 17,536 shares of the business services provider’s stock worth $2,512,000 after buying an additional 6,159 shares during the period. Rhumbline Advisers raised its position in shares of ExlService by 4.1% in the 1st quarter. Rhumbline Advisers now owns 89,554 shares of the business services provider’s stock worth $12,830,000 after buying an additional 3,535 shares during the period. BlackRock Inc. raised its position in shares of ExlService by 1.4% in the 1st quarter. BlackRock Inc. now owns 5,054,281 shares of the business services provider’s stock worth $724,125,000 after buying an additional 67,935 shares during the period. Finally, Westwood Holdings Group Inc. purchased a new position in ExlService in the first quarter valued at about $264,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Up 0.7 %

Shares of ExlService stock opened at $29.32 on Friday. The business has a 50-day moving average of $30.75 and a 200-day moving average of $29.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market capitalization of $4.86 billion, a PE ratio of 26.90, a P/E/G ratio of 1.54 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.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business 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%. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXLS. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research report on Friday, March 1st. Citigroup raised ExlService from a “neutral” rating to a “buy” rating and raised their price objective for the company from $29.00 to $36.00 in a research report on Wednesday, January 17th. Finally, TD Cowen raised their price objective on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.00.

Insider Activity

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

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.