Louisiana State Employees Retirement System Takes $1.43 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Louisiana State Employees Retirement System purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,300 shares of the business services provider's stock, valued at approximately $1,428,000.

Other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its position in ExlService by 1,301.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider's stock worth $2,645,000 after buying an additional 79,606 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of ExlService by 19.4% during the fourth quarter. Boston Trust Walden Corp now owns 3,725,199 shares of the business services provider's stock worth $114,922,000 after purchasing an additional 606,215 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of ExlService by 398.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,000 shares of the business services provider's stock worth $10,823,000 after purchasing an additional 308,618 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of ExlService by 402.9% during the third quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider's stock worth $472,045,000 after purchasing an additional 13,487,495 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of ExlService by 422.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 57,775 shares of the business services provider's stock worth $1,627,000 after purchasing an additional 46,717 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares in the company, valued at $1,601,391.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Vikas Bhalla sold 23,760 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the sale, the executive vice president now owns 127,046 shares in the company, valued at $4,003,219.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ajay Ayyappan sold 9,259 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the sale, the executive vice president now owns 50,693 shares in the company, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXLS. TD Cowen lifted their target price on ExlService from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 2nd. Citigroup upgraded ExlService from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $29.00 to $36.00 in a research report on Wednesday, January 17th. Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of ExlService in a research note on Friday, March 1st. Finally, StockNews.com lowered ExlService from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, ExlService currently has a consensus rating of "Moderate Buy" and an average target price of $36.00.

ExlService Stock Up 0.7 %

Shares of ExlService stock traded up $0.20 during trading on Friday, hitting $29.32. 1,177,720 shares of the stock traded hands, compared to its average volume of 1,191,278. The firm has a market cap of $4.86 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 1.53 and a beta of 0.97. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $35.94. The stock's fifty day simple moving average is $30.75 and its 200 day simple moving average is $29.81.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a net margin of 11.32% and a return on equity of 22.83%. The company had revenue of $414.06 million during the quarter, compared to analysts' expectations of $408.56 million. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.3 earnings per share for the current fiscal year.

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.