ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,725,974 shares of the business services provider’s stock after selling 50,678 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.63% of ExlService worth $85,487,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EXLS. Norges Bank bought a new stake in shares of ExlService in the 4th quarter valued at approximately $79,930,000. William Blair Investment Management LLC increased its stake in ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider’s stock valued at $159,871,000 after purchasing an additional 1,618,003 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of ExlService by 118.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock worth $51,469,000 after purchasing an additional 905,144 shares during the period. Intrinsic Edge Capital Management LLC acquired a new stake in shares of ExlService during the fourth quarter worth $20,936,000. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of ExlService in the 1st quarter worth about $19,417,000. Institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

EXLS has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of ExlService in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Citigroup raised their price target on ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

Insider Activity at ExlService

In other ExlService news, insider Vivek Jetley sold 6,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $32.75, for a total transaction of $196,500.00. Following the sale, the insider now directly owns 328,657 shares in the company, valued at approximately $10,763,516.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vivek Jetley sold 6,000 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $32.75, for a total value of $196,500.00. Following the completion of the sale, the insider now directly owns 328,657 shares in the company, valued at approximately $10,763,516.75. The disclosure for this sale can be found here. Insiders sold 163,625 shares of company stock worth $5,685,581 in the last 90 days. Corporate insiders own 3.75% of the company’s stock.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $36.52 on Friday. ExlService Holdings, Inc. has a 12-month low of $25.17 and a 12-month high of $37.00. The company has a market cap of $6.12 billion, a PE ratio of 33.81, a P/E/G ratio of 1.89 and a beta of 1.00. The stock has a 50 day simple moving average of $35.21 and a 200-day simple moving average of $32.12. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $448.40 million during the quarter, compared to analyst estimates of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, equities research analysts forecast that ExlService Holdings, Inc. will post 1.28 EPS for the current 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.