Teachers Retirement System of The State of Kentucky Has $1.66 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 41.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,913 shares of the business services provider’s stock after selling 38,745 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in ExlService were worth $1,663,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of ExlService by 402.9% during the 3rd quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock worth $472,045,000 after acquiring an additional 13,487,495 shares during the last quarter. Wellington Management Group LLP grew its holdings in ExlService by 367.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock valued at $242,251,000 after buying an additional 6,790,373 shares in the last quarter. Mackenzie Financial Corp grew its holdings in ExlService by 4.5% in the 4th quarter. Mackenzie Financial Corp now owns 6,813,597 shares of the business services provider’s stock valued at $210,199,000 after buying an additional 291,734 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in ExlService by 400.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider’s stock valued at $123,146,000 after buying an additional 3,513,403 shares in the last quarter. Finally, Geneva Capital Management LLC grew its holdings in ExlService by 0.3% in the 4th quarter. Geneva Capital Management LLC now owns 4,219,652 shares of the business services provider’s stock valued at $130,176,000 after buying an additional 13,039 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Performance

EXLS opened at $30.09 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.54 and a current ratio of 2.54. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $33.40. The firm has a market cap of $5.04 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 1.55 and a beta of 1.02. The business’s fifty day moving average is $29.86 and its 200-day moving average is $30.51.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. ExlService had a return on equity of 23.13% and a net margin of 10.92%. The business had revenue of $436.51 million during the quarter, compared to the consensus estimate of $424.81 million. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.28 EPS for the current fiscal year.

Analyst Ratings Changes

EXLS has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of ExlService in a report on Friday, May 3rd. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Citigroup decreased their price objective on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. TD Cowen increased their target price on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $34.00 to $40.00 in a report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Insider Buying and Selling

In related news, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the sale, the insider now directly owns 333,847 shares in the company, valued at approximately $10,108,887.16. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the sale, the insider now directly owns 333,847 shares in the company, valued at approximately $10,108,887.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Maurizio Nicolelli sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total value of $367,920.00. Following the sale, the chief financial officer now owns 138,985 shares of the company’s stock, valued at $4,261,280.10. The disclosure for this sale can be found here. Insiders sold a total of 112,837 shares of company stock worth $3,469,418 in the last ninety days. 3.75% of the stock is owned by 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.