New Age Alpha Advisors LLC Sells 6,373 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Key Points

• New Age Alpha Advisors LLC reduced its holdings in ExlService by 43.6%, selling 6,373 shares during the first quarter, leaving it with 8,232 shares valued at approximately $389,000.
• In contrast, Allspring Global Investments Holdings LLC increased its stake in ExlService by 48.5%, now owning 147,081 shares worth $7,028,000.
• ExlService reported a 14.7% increase in revenue year-over-year for the latest quarter, achieving $514.46 million compared to analyst estimates of $504.87 million, and beat EPS estimates by $0.04.

New Age Alpha Advisors LLC reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 43.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,232 shares of the business services provider's stock after selling 6,373 shares during the period. New Age Alpha Advisors LLC's holdings in ExlService were worth $389,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Geneva Capital Management LLC increased its stake in shares of ExlService by 0.4% in the first quarter. Geneva Capital Management LLC now owns 4,655,565 shares of the business services provider's stock valued at $219,789,000 after purchasing an additional 18,647 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in ExlService during the first quarter worth approximately $77,000. Natixis Advisors LLC boosted its stake in ExlService by 29.4% in the 1st quarter. Natixis Advisors LLC now owns 69,562 shares of the business services provider's stock worth $3,284,000 after purchasing an additional 15,804 shares during the period. Tredje AP fonden boosted its stake in ExlService by 90.5% in the 1st quarter. Tredje AP fonden now owns 400,000 shares of the business services provider's stock worth $18,884,000 after purchasing an additional 190,000 shares during the period. Finally, Bayforest Capital Ltd boosted its stake in ExlService by 227.9% in the 1st quarter. Bayforest Capital Ltd now owns 5,197 shares of the business services provider's stock worth $245,000 after purchasing an additional 3,612 shares during the period. Institutional investors own 92.92% of the company's stock.

ExlService Stock Performance

ExlService stock traded down $0.51 on Thursday, reaching $42.71. 382,310 shares of the stock were exchanged, compared to its average volume of 1,646,818. The firm has a fifty day moving average price of $44.16 and a two-hundred day moving average price of $46.04. ExlService Holdings, Inc. has a twelve month low of $35.00 and a twelve month high of $52.43. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.90 billion, a PE ratio of 29.65, a PEG ratio of 1.88 and a beta of 0.81.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The company had revenue of $514.46 million for the quarter, compared to the consensus estimate of $504.87 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The business's revenue was up 14.7% compared to the same quarter last year. Sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating and set a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. Finally, Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $51.50.

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.