Illinois Municipal Retirement Fund Invests $743,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Illinois Municipal Retirement Fund bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,742 shares of the business services provider's stock, valued at approximately $743,000.

Other hedge funds have also added to or reduced their stakes in the company. Balboa Wealth Partners increased its holdings in shares of ExlService by 5.0% during the first quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock valued at $243,000 after acquiring an additional 244 shares in the last quarter. Sheets Smith Wealth Management increased its holdings in shares of ExlService by 1.8% during the first quarter. Sheets Smith Wealth Management now owns 30,156 shares of the business services provider's stock valued at $1,424,000 after acquiring an additional 540 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of ExlService by 0.3% during the first quarter. GHP Investment Advisors Inc. now owns 193,733 shares of the business services provider's stock valued at $9,146,000 after acquiring an additional 649 shares in the last quarter. Alta Capital Management LLC boosted its position in shares of ExlService by 16.5% during the first quarter. Alta Capital Management LLC now owns 5,394 shares of the business services provider's stock valued at $255,000 after buying an additional 764 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of ExlService by 13.7% during the first quarter. Blue Trust Inc. now owns 3,660 shares of the business services provider's stock valued at $173,000 after buying an additional 442 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total value of $1,152,750.00. Following the completion of the sale, the insider owned 135,046 shares in the company, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 14,580 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $47.53, for a total transaction of $692,987.40. The disclosure for this sale can be found here. Company insiders own 4.04% of the company's stock.

ExlService Stock Performance

Shares of NASDAQ EXLS traded up $0.61 during trading on Friday, reaching $45.26. 1,793,909 shares of the stock traded hands, compared to its average volume of 1,228,574. ExlService Holdings, Inc. has a 52-week low of $31.02 and a 52-week high of $52.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.41 and a quick ratio of 3.41. The company has a 50-day moving average of $45.99 and a 200-day moving average of $46.62. The stock has a market capitalization of $7.36 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 2.07 and a beta of 0.80.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $501.02 million for the quarter, compared to analysts' expectations of $489.66 million. ExlService had a return on equity of 25.11% and a net margin of 11.36%. The company's revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. Analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.