Retirement Systems of Alabama Reduces Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Retirement Systems of Alabama decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 206,557 shares of the business services provider’s stock after selling 365 shares during the period. Retirement Systems of Alabama’s holdings in ExlService were worth $6,372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of EXLS. FinTrust Capital Advisors LLC purchased a new stake in ExlService during the third quarter worth $29,000. Public Employees Retirement System of Ohio increased its position in shares of ExlService by 439.5% in the third 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 acquired a new position in shares of ExlService during the 3rd quarter worth $38,000. RiverPark Advisors LLC boosted its position 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 buying an additional 503 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in ExlService in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other ExlService news, EVP Vikas Bhalla sold 23,760 shares of the company’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 is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 9,259 shares of ExlService 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 transaction, the executive vice president now directly owns 50,693 shares in the company, valued at $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is owned by insiders.

ExlService Trading Down 1.3 %

Shares of ExlService stock opened at $29.65 on Friday. The firm has a market cap of $4.82 billion, a PE ratio of 27.40, a P/E/G ratio of 1.57 and a beta of 1.00. The company has a quick ratio of 2.08, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $34.41. The business’s fifty day moving average is $30.54 and its two-hundred day moving average is $29.83.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results 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 business had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. ExlService had a return on equity of 23.13% and a net margin of 10.92%. Analysts anticipate that ExlService Holdings, Inc. will post 1.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. TD Cowen lifted their target price on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of ExlService in a report on Friday. Wedbush reissued a “neutral” rating and issued a $34.00 price target on shares of ExlService in a report on Wednesday. Finally, Citigroup decreased their price objective on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.14.

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.