Teachers Retirement System of The State of Kentucky Has $2.98 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Teachers Retirement System of The State of Kentucky boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 26.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,135 shares of the business services provider's stock after buying an additional 13,122 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in ExlService were worth $2,980,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXLS. 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. JPMorgan Chase & Co. lifted their price objective on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, ExlService has an average rating of "Moderate Buy" and an average target price of $51.50.

ExlService Trading Up 1.6%

Shares of ExlService stock opened at $43.27 on Wednesday. The company has a market capitalization of $7.04 billion, a P/E ratio of 32.78, a price-to-earnings-growth ratio of 1.95 and a beta of 0.80. The stock has a fifty day simple moving average of $45.30 and a 200 day simple moving average of $46.51. ExlService Holdings, Inc. has a 12-month low of $31.87 and a 12-month 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.

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

Insider Transactions at ExlService

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

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.

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