State of Alaska Department of Revenue Acquires 1,940 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

State of Alaska Department of Revenue lifted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLSGet Rating) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,173 shares of the business services provider’s stock after purchasing an additional 1,940 shares during the period. State of Alaska Department of Revenue’s holdings in ExlService were worth $3,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Maryland State Retirement & Pension System boosted its position in shares of ExlService by 0.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 13,355 shares of the business services provider’s stock valued at $1,913,000 after purchasing an additional 78 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in ExlService by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the business services provider’s stock worth $2,463,000 after acquiring an additional 100 shares in the last quarter. Van ECK Associates Corp boosted its holdings in ExlService by 15.8% in the first quarter. Van ECK Associates Corp now owns 826 shares of the business services provider’s stock worth $118,000 after acquiring an additional 113 shares in the last quarter. Xponance Inc. boosted its holdings in ExlService by 7.5% in the first quarter. Xponance Inc. now owns 1,667 shares of the business services provider’s stock worth $239,000 after acquiring an additional 116 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in ExlService by 2.5% in the first quarter. Advisor Group Holdings Inc. now owns 5,113 shares of the business services provider’s stock worth $752,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 98.39% of the company’s stock.

ExlService Stock Performance

Shares of EXLS opened at $173.88 on Thursday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 46.62, a PEG ratio of 2.90 and a beta of 0.92. The stock has a 50 day moving average of $166.95 and a 200 day moving average of $149.65. ExlService Holdings, Inc. has a 12 month low of $112.14 and a 12 month high of $179.81.

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

Insider Activity at ExlService

In other ExlService news, EVP Vikas Bhalla sold 3,588 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $149.90, for a total value of $537,841.20. Following the completion of the sale, the executive vice president now directly owns 13,275 shares of the company’s stock, valued at $1,989,922.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Needham & Company LLC upgraded ExlService from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Friday, July 29th. JPMorgan Chase & Co. upgraded ExlService from a “neutral” rating to an “overweight” rating in a report on Thursday, July 28th. Cowen raised their target price on ExlService from $155.00 to $170.00 in a report on Friday, July 29th. Cowen raised their target price on ExlService from $155.00 to $170.00 in a report on Friday, July 29th. Finally, Citigroup raised their target price on ExlService from $134.00 to $140.00 in a report on Friday, July 29th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and a consensus price target of $159.83.

About ExlService

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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.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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