US Bancorp DE decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) by 7.4% in the second quarter, HoldingsChannel reports. The firm owned 14,331 shares of the business services provider’s stock after selling 1,142 shares during the period. US Bancorp DE’s holdings in ExlService were worth $628,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System purchased a new stake in shares of ExlService in the second quarter valued at $337,000. Louisiana State Employees Retirement System boosted its position in ExlService by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,800 shares of the business services provider’s stock worth $2,006,000 after acquiring an additional 700 shares during the period. KLP Kapitalforvaltning AS grew its stake in ExlService by 19.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 44,600 shares of the business services provider’s stock valued at $1,953,000 after acquiring an additional 7,400 shares in the last quarter. JSF Financial LLC grew its stake in ExlService by 12.7% during the 2nd quarter. JSF Financial LLC now owns 22,312 shares of the business services provider’s stock valued at $977,000 after acquiring an additional 2,517 shares in the last quarter. Finally, 111 Capital acquired a new position in shares of ExlService in the 2nd quarter valued at about $1,102,000. 92.92% of the stock is owned by institutional investors and hedge funds.
ExlService Stock Up 1.7%
ExlService stock opened at $40.34 on Monday. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a 1-year low of $38.36 and a 1-year high of $52.43. The firm’s fifty day simple moving average is $43.00 and its 200-day simple moving average is $44.18. The company has a market capitalization of $6.52 billion, a P/E ratio of 28.01, a P/E/G ratio of 1.85 and a beta of 0.86.
Insider Buying and Selling at ExlService
In related news, insider Vikas Bhalla sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total value of $350,080.00. Following the transaction, the insider directly owned 127,046 shares of the company’s stock, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.04% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on EXLS. JPMorgan Chase & Co. lowered their price objective on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Weiss Ratings restated a “buy (b-)” rating on shares of ExlService in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.40.
Get Our Latest Research Report on EXLS
ExlService 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.
Featured Stories
- Five stocks we like better than ExlService
- What is the FTSE 100 index?
- JPMorgan Crushes Q3; But Is the Steady Eddy Stock Hitting A Wall?
- Golden Cross Stocks: Pattern, Examples and Charts
- Snap-on Incorporated: Snap It Up Quick, New Highs Will Come Soon
- Best Energy Stocks – Energy Stocks to Buy Now
- As Global Renewables Surpass Coal, This ETF Offers Smart Exposure
Want to see what other hedge funds are holding EXLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report).
Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.