ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Teacher Retirement System of Texas

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

Other hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new stake in ExlService in the fourth quarter valued at approximately $49,000. Johnson Financial Group Inc. acquired a new stake in ExlService in the fourth quarter valued at approximately $85,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in ExlService in the fourth quarter valued at approximately $99,000. Huntington National Bank increased its stake in ExlService by 94.9% in the fourth quarter. Huntington National Bank now owns 2,282 shares of the business services provider's stock valued at $101,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in ExlService by 35.2% in 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 during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Price Performance

ExlService stock traded down $0.10 during midday trading on Tuesday, reaching $45.09. The company's stock had a trading volume of 1,735,976 shares, compared to its average volume of 1,236,300. ExlService Holdings, Inc. has a fifty-two week low of $31.02 and a fifty-two week high of $52.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.41 and a current ratio of 3.41. The stock's 50 day simple moving average is $46.01 and its 200 day simple moving average is $46.64. The firm has a market capitalization of $7.34 billion, a PE ratio of 34.16, a P/E/G ratio of 2.07 and a beta of 0.80.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results 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. The company had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. ExlService had a return on equity of 25.11% and a net margin of 11.36%. ExlService's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. On average, equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price target 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 reiterated a "buy" rating and issued a $55.00 price target on shares of ExlService in a research note on Tuesday, June 3rd. Finally, Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $51.50.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 25,000 shares of ExlService 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The disclosure for this sale can be found here. Insiders own 4.04% of the company's stock.

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.