Teacher Retirement System of Texas Sells 10,624 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Teacher Retirement System of Texas lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 175,595 shares of the business services provider's stock after selling 10,624 shares during the quarter. Teacher Retirement System of Texas owned 0.11% of ExlService worth $7,793,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EXLS. Mather Group LLC. bought a new position in ExlService in the fourth quarter valued at about $25,000. Kestra Investment Management LLC acquired a new stake in shares of ExlService in the 4th quarter valued at approximately $26,000. USA Financial Formulas acquired a new position in ExlService during the 4th quarter worth approximately $58,000. VisionPoint Advisory Group LLC bought a new position in ExlService in the 4th quarter valued at approximately $58,000. Finally, UMB Bank n.a. boosted its position in ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Trading Up 1.6 %

EXLS stock traded up $0.75 during trading on Tuesday, hitting $47.23. The company had a trading volume of 524,345 shares, compared to its average volume of 937,394. 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 Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. The business has a 50-day moving average of $48.70 and a 200-day moving average of $44.52. The stock has a market cap of $7.67 billion, a PE ratio of 41.51, a PEG ratio of 2.11 and a beta of 1.10.

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ExlService (NASDAQ:EXLS - Get Free Report) last announced 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 the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. Research analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was 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 directly owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock worth $2,337,284 in the last 90 days. Corporate insiders own 4.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Needham & Company LLC increased their price target on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Stifel Nicolaus boosted their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $47.38.

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.