California Public Employees Retirement System Sells 8,637 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

California Public Employees Retirement System trimmed its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 271,798 shares of the business services provider’s stock after selling 8,637 shares during the quarter. California Public Employees Retirement System’s holdings in ExlService were worth $12,062,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EXLS. Mather Group LLC. purchased a new position in shares of ExlService during the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC bought a new stake in ExlService in the 4th quarter worth about $26,000. VisionPoint Advisory Group LLC purchased a new stake in ExlService during the 4th quarter valued at $58,000. USA Financial Formulas bought a new position in ExlService in the fourth quarter valued at about $58,000. Finally, UMB Bank n.a. grew its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 288 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Price Performance

ExlService stock opened at $42.86 on Friday. The company has a 50-day moving average price of $48.48 and a 200 day moving average price of $45.13. ExlService Holdings, Inc. has a 12-month low of $28.59 and a 12-month high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.96 billion, a P/E ratio of 37.60, a PEG ratio of 2.11 and a beta of 0.91.

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

Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock valued at $2,337,284 over the last ninety days. Insiders own 4.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Jefferies Financial Group boosted their price objective 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. Stifel Nicolaus upped their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, 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 report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.86.

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.