Retirement Systems of Alabama Has $7.48 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Retirement Systems of Alabama decreased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,069 shares of the business services provider’s stock after selling 4,419 shares during the period. Retirement Systems of Alabama owned 0.12% of ExlService worth $7,480,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in ExlService in the third quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. increased its position in ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after buying an additional 574 shares during the last quarter. Huntington National Bank boosted its stake in shares of ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,131 shares during the period. UMB Bank n.a. increased its holdings in shares of ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after acquiring an additional 375 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in ExlService by 32.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 576 shares during the period. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Performance

Shares of EXLS stock opened at $45.59 on Wednesday. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $47.37. The firm has a market capitalization of $7.33 billion, a PE ratio of 39.99, a price-to-earnings-growth ratio of 2.26 and a beta of 1.01. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $43.48 and a two-hundred day simple moving average of $37.27.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. Analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Activity

In other news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the sale, the chief executive officer now directly owns 1,290,240 shares of the company’s stock, valued at approximately $53,480,448. This represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now directly owns 14,580 shares in the company, valued at $642,249. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,458 shares of company stock valued at $18,720,514 in the last ninety days. 4.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Needham & Company LLC upped their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, Robert W. Baird upped their price objective on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.86.

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.