Mutual of America Capital Management LLC Has $7.62 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Mutual of America Capital Management LLC increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 16.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 199,799 shares of the business services provider's stock after purchasing an additional 28,158 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.12% of ExlService worth $7,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC acquired a new stake in ExlService in the 1st quarter worth approximately $19,417,000. Vanguard Group Inc. lifted its holdings in shares of ExlService by 0.9% during the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider's stock worth $546,208,000 after buying an additional 160,723 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of ExlService by 7.8% during the first quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider's stock worth $20,030,000 after buying an additional 45,336 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of ExlService by 107,991.3% during the third quarter. Assetmark Inc. now owns 24,861 shares of the business services provider's stock worth $948,000 after buying an additional 24,838 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of ExlService by 317.0% during the second quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider's stock worth $8,003,000 after buying an additional 194,000 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Price Performance

NASDAQ:EXLS traded down $0.12 during trading hours on Tuesday, reaching $44.23. The company had a trading volume of 407,272 shares, compared to its average volume of 950,016. The stock has a 50-day moving average of $39.75 and a two-hundred day moving average of $34.98. ExlService Holdings, Inc. has a one year low of $27.62 and a one year high of $47.32. The firm has a market capitalization of $7.12 billion, a PE ratio of 38.90, a PEG ratio of 2.17 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to analysts' expectations of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business's revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Anita Mahon sold 25,670 shares of ExlService stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the sale, the executive vice president now owns 68,857 shares of the company's stock, valued at approximately $2,444,423.50. This trade represents a 27.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,290,240 shares in the company, valued at approximately $53,480,448. This represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 483,483 shares of company stock worth $20,737,537 over the last ninety days. 4.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EXLS. Needham & Company LLC upped their price target on ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. Robert W. Baird upped their price target on ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Finally, Jefferies Financial Group upgraded ExlService from a "hold" rating to a "buy" rating and boosted their price objective for the company from $35.00 to $42.00 in a research 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.86.

ExlService Company 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.