ExlService Holdings, Inc. (NASDAQ:EXLS) Position Lowered by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLSGet Rating) by 31.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,696 shares of the business services provider’s stock after selling 12,024 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ExlService were worth $3,825,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of EXLS. JPMorgan Chase & Co. lifted its position in shares of ExlService by 90.5% during the first quarter. JPMorgan Chase & Co. now owns 575,130 shares of the business services provider’s stock worth $82,399,000 after purchasing an additional 273,244 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of ExlService by 49.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 658,644 shares of the business services provider’s stock worth $94,364,000 after purchasing an additional 216,548 shares during the last quarter. Invesco Ltd. lifted its position in shares of ExlService by 49.7% during the first quarter. Invesco Ltd. now owns 466,371 shares of the business services provider’s stock worth $66,817,000 after purchasing an additional 154,763 shares during the last quarter. Leeward Investments LLC MA bought a new position in shares of ExlService during the first quarter worth about $15,895,000. Finally, Boston Trust Walden Corp lifted its position in shares of ExlService by 21.0% during the first quarter. Boston Trust Walden Corp now owns 410,917 shares of the business services provider’s stock worth $58,872,000 after purchasing an additional 71,367 shares during the last quarter. Institutional investors own 98.39% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $173.41 on Monday. The firm’s 50 day moving average is $165.19 and its two-hundred day moving average is $148.76. ExlService Holdings, Inc. has a 52 week low of $112.14 and a 52 week high of $179.81. The firm has a market capitalization of $5.73 billion, a P/E ratio of 46.49, a PEG ratio of 2.87 and a beta of 0.92. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.36.

ExlService (NASDAQ:EXLSGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The business services provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.32 by $0.18. ExlService had a net margin of 10.05% and a return on equity of 21.78%. The company had revenue of $346.78 million for the quarter, compared to analyst estimates of $329.60 million. During the same quarter last year, the business earned $0.90 earnings per share. ExlService’s revenue was up 26.1% compared to the same quarter last year. Analysts anticipate that ExlService Holdings, Inc. will post 4.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EXLS shares. Cowen increased their price target on shares of ExlService from $155.00 to $170.00 in a research report on Friday, July 29th. Citigroup raised their target price on shares of ExlService from $134.00 to $140.00 in a report on Friday, July 29th. Needham & Company LLC raised shares of ExlService from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, July 29th. Cowen raised their target price on shares of ExlService from $155.00 to $170.00 in a report on Friday, July 29th. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Monday, September 5th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, ExlService presently has an average rating of “Moderate Buy” and an average target price of $159.83.

Insider Activity at ExlService

In related news, EVP Vikas Bhalla sold 3,588 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $149.90, for a total transaction of $537,841.20. Following the transaction, the executive vice president now owns 13,275 shares in the company, valued at $1,989,922.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.51% of the company’s stock.

ExlService Profile

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ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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.

See Also

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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