ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,750 shares of the business services provider’s stock after buying an additional 940 shares during the period. State of Alaska Department of Revenue’s holdings in ExlService were worth $715,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of ExlService by 18.2% in the first quarter. Russell Investments Group Ltd. now owns 257,029 shares of the business services provider’s stock valued at $8,174,000 after buying an additional 39,537 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new position in ExlService in the first quarter valued at approximately $19,417,000. Vanguard Group Inc. grew its position in ExlService by 0.9% in the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after acquiring an additional 160,723 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in ExlService in the first quarter worth approximately $4,501,000. Finally, Bessemer Group Inc. grew its position in ExlService by 7.8% in the first quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider’s stock worth $20,030,000 after acquiring an additional 45,336 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Up 4.8 %

ExlService stock opened at $45.15 on Thursday. ExlService Holdings, Inc. has a 1-year low of $26.23 and a 1-year high of $45.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market cap of $7.26 billion, a PE ratio of 39.61, a P/E/G ratio of 2.00 and a beta of 0.99. The stock’s fifty day moving average is $38.37 and its two-hundred day moving average is $34.14.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same period last year, the firm earned $0.30 earnings per share. ExlService’s quarterly revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts expect that ExlService Holdings, Inc. will post 1.28 EPS for the current fiscal year.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 22,813 shares of ExlService stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the transaction, the chief executive officer now owns 1,190,240 shares of the company’s stock, valued at $50,073,396.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the transaction, the insider now directly owns 102,825 shares in the company, valued at approximately $4,304,254.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 296,688 shares of company stock worth $11,939,831. Corporate insiders own 4.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EXLS shares. JPMorgan Chase & Co. raised their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Citigroup raised their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Monday. Robert W. Baird raised their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $42.00 in a report on Monday, September 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

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.