Securian Asset Management Inc. Sells 389 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Securian Asset Management Inc. lessened its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,162 shares of the business services provider’s stock after selling 389 shares during the quarter. Securian Asset Management Inc.’s holdings in ExlService were worth $540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. Mather Group LLC. bought a new position in shares of ExlService during the 4th quarter worth approximately $25,000. Kestra Investment Management LLC acquired a new position in shares of ExlService during the 4th quarter worth approximately $26,000. Huntington National Bank raised its position in shares of ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares during the period. VisionPoint Advisory Group LLC bought a new position in ExlService in the 4th quarter valued at about $58,000. Finally, USA Financial Formulas bought a new position in shares of ExlService during the fourth quarter worth approximately $58,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on EXLS. Needham & Company LLC lifted their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Stifel Nicolaus upped their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group raised their target price on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

ExlService Stock Performance

Shares of EXLS opened at $46.60 on Tuesday. The firm’s fifty day simple moving average is $48.55 and its two-hundred day simple moving average is $44.15. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $52.43. The stock has a market capitalization of $7.56 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The firm had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 1,865 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the completion of the transaction, the executive vice president now owns 40,986 shares of the company’s stock, valued at $1,980,443.52. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,351 shares of company stock worth $2,337,284. Insiders own 4.16% of the company’s stock.

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.