ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System lifted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,411 shares of the business services provider’s stock after buying an additional 1,086 shares during the period. Arizona State Retirement System’s holdings in ExlService were worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in EXLS. Norges Bank acquired a new stake in ExlService in the 4th quarter valued at approximately $79,930,000. Goldman Sachs Group Inc. increased its holdings in ExlService by 118.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock valued at $51,469,000 after purchasing an additional 905,144 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in ExlService in the 4th quarter valued at approximately $20,936,000. Silvercrest Asset Management Group LLC acquired a new stake in ExlService in the 1st quarter valued at approximately $19,417,000. Finally, Geneva Capital Management LLC increased its holdings in ExlService by 8.7% in the 1st quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after purchasing an additional 365,776 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Transactions at ExlService

In other news, CEO Rohit Kapoor sold 40,000 shares of ExlService stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Ajay Ayyappan sold 21,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total value of $721,980.00. Following the completion of the sale, the executive vice president now directly owns 29,909 shares of the company’s stock, valued at $1,028,271.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 40,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,509,588 shares of the company’s stock, valued at $51,401,471.40. The disclosure for this sale can be found here. In the last three months, insiders sold 163,625 shares of company stock valued at $5,685,581. Insiders own 3.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXLS. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of ExlService in a report on Friday, August 2nd. Citigroup raised their price target on shares of ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. raised their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $42.00 in a research report on Monday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price of $39.67.

ExlService Price Performance

ExlService stock opened at $35.97 on Friday. The stock has a market cap of $6.03 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The company has a fifty day simple moving average of $34.60 and a 200-day simple moving average of $31.86. ExlService Holdings, Inc. has a 12-month low of $25.17 and a 12-month high of $36.88. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. Equities analysts expect that ExlService Holdings, Inc. will post 1.28 EPS for the current fiscal year.

About ExlService

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.