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

Retirement Systems of Alabama lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 200,488 shares of the business services provider’s stock after selling 6,614 shares during the quarter. Retirement Systems of Alabama owned 0.12% of ExlService worth $6,287,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New Covenant Trust Company N.A. purchased a new stake in ExlService during the 1st quarter worth approximately $30,000. Principal Securities Inc. purchased a new position in shares of ExlService in the fourth quarter worth about $34,000. Parallel Advisors LLC lifted its holdings in shares of ExlService by 44.6% during the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock worth $37,000 after purchasing an additional 366 shares during the period. Grayhawk Investment Strategies Inc. purchased a new stake in ExlService in the fourth quarter valued at approximately $42,000. Finally, GAMMA Investing LLC purchased a new position in ExlService during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

NASDAQ:EXLS opened at $36.27 on Monday. The stock has a 50 day moving average price of $33.10 and a 200 day moving average price of $31.36. The stock has a market cap of $6.08 billion, a PE ratio of 33.58, a P/E/G ratio of 1.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.54 and a current ratio of 2.45. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $36.41.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. During the same quarter last year, the firm earned $0.31 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on EXLS shares. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, August 2nd. Citigroup increased their target price on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Wedbush raised shares of ExlService from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $34.00 to $40.00 in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.60.

Insider Activity at ExlService

In related news, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ajay Ayyappan sold 21,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total value of $721,980.00. Following the sale, the executive vice president now directly owns 29,909 shares in the company, valued at approximately $1,028,271.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,625 shares of company stock worth $4,540,401. 3.75% of the stock is currently owned by company insiders.

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.