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

Illinois Municipal Retirement Fund bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,742 shares of the business services provider's stock, valued at approximately $743,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Morse Asset Management Inc bought a new position in shares of ExlService in the 4th quarter valued at $49,000. Johnson Financial Group Inc. bought a new position in ExlService in the fourth quarter valued at about $85,000. Fifth Third Bancorp boosted its stake in shares of ExlService by 35.2% during the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock valued at $101,000 after purchasing an additional 555 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of ExlService during the first quarter worth about $102,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of ExlService during the fourth quarter worth about $99,000. Institutional investors own 92.92% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction on Thursday, May 8th. The shares were 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 of the company's stock, valued at approximately $6,226,971.06. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jaynie M. Studenmund sold 14,580 shares of the business's stock in a transaction on Friday, May 2nd. The shares were 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. 4.04% of the stock is currently owned by corporate insiders.

ExlService Trading Up 1.4%

NASDAQ EXLS traded up $0.61 during trading hours on Friday, hitting $45.26. 1,793,909 shares of the company's stock were exchanged, compared to its average volume of 1,226,282. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 2.04 and a beta of 0.80. The stock has a 50-day simple moving average of $45.97 and a 200 day simple moving average of $46.61. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.30. ExlService Holdings, Inc. has a 1-year low of $31.02 and a 1-year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. On average, equities 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.