Nisa Investment Advisors LLC Trims Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Nisa Investment Advisors LLC decreased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,630 shares of the business services provider’s stock after selling 510 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ExlService were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EXLS. Sunbelt Securities Inc. purchased a new stake in ExlService in the first quarter valued at $61,000. Quarry LP raised its position in ExlService by 120.5% in the first quarter. Quarry LP now owns 430 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 235 shares during the period. Fortis Capital Advisors LLC purchased a new stake in ExlService in the fourth quarter valued at $117,000. Covestor Ltd raised its position in ExlService by 6,266.7% in the first quarter. Covestor Ltd now owns 955 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 940 shares during the period. Finally, FinTrust Capital Advisors LLC purchased a new stake in ExlService in the third quarter valued at $29,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Trading Up 0.7 %

EXLS opened at $29.32 on Friday. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $35.94. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08. The business has a fifty day moving average price of $30.75 and a 200 day moving average price of $29.78.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. ExlService had a return on equity of 22.83% and a net margin of 11.32%. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXLS has been the topic of a number of research analyst reports. TD Cowen lifted their target price on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of ExlService in a report on Friday, March 1st. Citigroup upgraded ExlService from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $29.00 to $36.00 in a report on Wednesday, January 17th. Finally, StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, ExlService currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 9,259 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the sale, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Ajay Ayyappan sold 9,259 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the sale, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vikas Bhalla sold 23,760 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total value of $748,677.60. Following the completion of the sale, the executive vice president now directly owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The disclosure for this sale can be found here. Insiders own 3.75% of the company’s stock.

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.