ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Holdings Lessened by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 approximately 0.11% of ExlService worth $7,793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mather Group LLC. acquired a new position in shares of ExlService in the fourth quarter worth $25,000. Kestra Investment Management LLC acquired a new stake in shares of ExlService in the 4th quarter valued at $26,000. USA Financial Formulas purchased a new stake in shares of ExlService during the 4th quarter worth $58,000. VisionPoint Advisory Group LLC purchased a new position in ExlService in the fourth quarter valued at $58,000. Finally, UMB Bank n.a. lifted its holdings in ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

ExlService Price Performance

EXLS traded down $0.11 during trading on Thursday, reaching $47.07. 652,026 shares of the stock were exchanged, compared to its average volume of 937,188. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $52.43. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 41.29, a P/E/G ratio of 2.11 and a beta of 1.10. The business's 50 day moving average price is $48.74 and its two-hundred day moving average price is $44.62. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

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ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $481.43 million for the quarter, compared to analysts' expectations of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

EXLS has been the subject of several recent analyst reports. Needham & Company LLC boosted 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. Stifel Nicolaus upped their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the stock 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 research note on Sunday, February 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $47.38.

Insider Activity at ExlService

In other ExlService news, EVP Anita Mahon sold 10,558 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. This represents a 6.61 % 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 valued at $2,337,284. 4.16% of the stock is owned by insiders.

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.