Thrivent Financial for Lutherans Has $106.42 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Thrivent Financial for Lutherans decreased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,397,564 shares of the business services provider's stock after selling 349,768 shares during the period. Thrivent Financial for Lutherans owned 1.49% of ExlService worth $106,424,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Kensington Investment Counsel LLC grew its holdings in shares of ExlService by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock valued at $1,740,000 after acquiring an additional 282 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in shares of ExlService in the 4th quarter valued at about $244,000. Cibc World Markets Corp bought a new position in shares of ExlService in the 4th quarter valued at about $653,000. Envestnet Portfolio Solutions Inc. grew its holdings in ExlService by 1.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock worth $633,000 after purchasing an additional 214 shares during the period. Finally, one8zero8 LLC bought a new position in ExlService during the fourth quarter worth about $5,561,000. Institutional investors own 92.92% of the company's stock.

Insider Activity

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. The trade was a 6.61 % 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 Ajay Ayyappan sold 16,186 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,351 shares of company stock worth $2,337,284. Corporate insiders own 4.16% of the company's stock.

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Analyst Ratings Changes

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

ExlService Stock Performance

EXLS stock traded down $0.09 during mid-day trading on Friday, hitting $46.34. 2,876,151 shares of the company were exchanged, compared to its average volume of 934,784. 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 1-year low of $28.16 and a 1-year high of $52.43. The business has a 50 day simple moving average of $48.69 and a 200-day simple moving average of $44.32. The stock has a market capitalization of $7.52 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly 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). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. On average, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

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.