Teacher Retirement System of Texas Sells 45,732 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Teacher Retirement System of Texas reduced its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 26.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 129,863 shares of the business services provider's stock after selling 45,732 shares during the period. Teacher Retirement System of Texas owned 0.08% of ExlService worth $6,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXLS. FMR LLC boosted its holdings in shares of ExlService by 39.4% during the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock worth $415,588,000 after buying an additional 2,647,937 shares during the period. Norges Bank bought a new stake in shares of ExlService during the 4th quarter worth about $106,452,000. Raymond James Financial Inc. bought a new stake in shares of ExlService during the 4th quarter worth about $52,852,000. Handelsbanken Fonder AB boosted its holdings in ExlService by 25.2% in the 1st quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock valued at $129,671,000 after purchasing an additional 552,000 shares during the period. Finally, Axiom Investors LLC DE bought a new stake in ExlService in the 4th quarter valued at about $20,419,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Trading Down 0.2%

EXLS traded down $0.08 during trading on Monday, reaching $45.19. 2,660,489 shares of the company's stock were exchanged, compared to its average volume of 1,595,301. ExlService Holdings, Inc. has a one year low of $31.02 and a one year high of $52.43. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $7.35 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.07 and a beta of 0.80. The firm has a fifty day moving average price of $45.99 and a two-hundred day moving average price of $46.63.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXLS. Needham & Company LLC restated a "buy" rating and issued 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 research report on Friday, May 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, ExlService presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

Insider Buying and Selling at ExlService

In related news, Director Jaynie M. Studenmund sold 14,580 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the transaction, the insider owned 135,046 shares of the company's stock, valued at $6,226,971.06. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. 4.04% of the stock is owned by corporate insiders.

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.