ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Holdings Decreased by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 150,608 shares of the business services provider’s stock after selling 2,670 shares during the period. California State Teachers Retirement System owned 0.09% of ExlService worth $6,684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of ExlService in the 4th quarter worth about $25,000. Kestra Investment Management LLC bought a new stake in shares of ExlService during the 4th quarter valued at about $26,000. Morse Asset Management Inc bought a new stake in shares of ExlService during the 4th quarter valued at about $49,000. VisionPoint Advisory Group LLC bought a new stake in shares of ExlService during the 4th quarter valued at about $58,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of ExlService during the 4th quarter valued at about $85,000. Institutional investors own 92.92% of the company’s stock.

Insider Activity

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vikas Bhalla sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the transaction, the insider now owns 135,046 shares in the company, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,138 shares of company stock worth $2,330,561 over the last 90 days. 4.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EXLS shares. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Stifel Nicolaus upped their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC upped their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.33.

ExlService Stock Up 0.3%

EXLS stock opened at $46.11 on Monday. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43. The firm has a market cap of $7.50 billion, a PE ratio of 40.45, a P/E/G ratio of 2.11 and a beta of 0.86. The firm has a 50 day simple moving average of $45.56 and a 200 day simple moving average of $46.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal 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.