State of Tennessee Treasury Department Acquires 10,919 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

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State of Tennessee Treasury Department grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 52.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,765 shares of the business services provider’s stock after acquiring an additional 10,919 shares during the period. State of Tennessee Treasury Department’s holdings in ExlService were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Strs Ohio bought a new stake in shares of ExlService during the 2nd quarter valued at $72,000. CIBC Asset Management Inc bought a new stake in shares of ExlService during the 2nd quarter valued at $200,000. Citadel Advisors LLC grew its position in shares of ExlService by 183.3% during the 2nd quarter. Citadel Advisors LLC now owns 3,332 shares of the business services provider’s stock valued at $221,000 after acquiring an additional 7,332 shares during the period. Holocene Advisors LP grew its position in shares of ExlService by 47.5% during the 2nd quarter. Holocene Advisors LP now owns 5,064 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 1,630 shares during the period. Finally, Atria Investments LLC grew its position in shares of ExlService by 56.4% during the 2nd quarter. Atria Investments LLC now owns 5,373 shares of the business services provider’s stock valued at $359,000 after acquiring an additional 1,937 shares during the period. 92.19% of the stock is owned by hedge funds and other institutional investors.

Shares of ExlService stock opened at $69.35 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.69 and a current ratio of 2.69. ExlService Holdings, Inc. has a fifty-two week low of $44.29 and a fifty-two week high of $70.51. The company has a market capitalization of $2.35 billion, a P/E ratio of 30.02, a P/E/G ratio of 2.67 and a beta of 1.05. The company has a fifty day moving average of $66.60 and a 200 day moving average of $64.97.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.09. ExlService had a net margin of 5.17% and a return on equity of 13.56%. The company had revenue of $251.40 million for the quarter, compared to analyst estimates of $256.60 million. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts forecast that ExlService Holdings, Inc. will post 2.36 EPS for the current year.

EXLS has been the subject of a number of recent research reports. BidaskClub downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective on shares of ExlService from $75.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Barrington Research reissued an “outperform” rating and set a $79.00 price objective (up previously from $70.00) on shares of ExlService in a research report on Wednesday, July 31st. Wedbush reaffirmed a “neutral” rating on shares of ExlService in a report on Tuesday, July 16th. Finally, Zacks Investment Research raised shares of ExlService from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. ExlService has a consensus rating of “Hold” and an average price target of $71.50.

In other ExlService news, CEO Rohit Kapoor sold 25,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $69.06, for a total value of $1,726,500.00. Following the transaction, the chief executive officer now directly owns 267,577 shares in the company, valued at approximately $18,478,867.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Pavan Bagai sold 10,346 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.52, for a total transaction of $708,907.92. Following the completion of the transaction, the chief operating officer now owns 45,416 shares in the company, valued at $3,111,904.32. The disclosure for this sale can be found here. Insiders sold a total of 38,912 shares of company stock worth $2,684,850 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

ExlService Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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