ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,641 shares of the business services provider’s stock after selling 8,661 shares during the period. Mutual of America Capital Management LLC owned about 0.10% of ExlService worth $5,383,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EXLS. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of ExlService by 164.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after buying an additional 574 shares during the period. New Covenant Trust Company N.A. purchased a new position in shares of ExlService during the 1st quarter worth $30,000. Principal Securities Inc. acquired a new stake in shares of ExlService during the fourth quarter worth $34,000. Parallel Advisors LLC grew its position in shares of ExlService by 44.6% in the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 366 shares during the period. Finally, Grayhawk Investment Strategies Inc. acquired a new position in ExlService in the fourth quarter valued at $42,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total transaction of $911,285.00. Following the completion of the transaction, the executive vice president now owns 68,857 shares in the company, valued at approximately $2,444,423.50. The disclosure for this sale can be found here. Insiders have sold a total of 163,625 shares of company stock worth $5,685,581 over the last quarter. 3.75% of the stock is owned by corporate insiders.

ExlService Trading Down 0.4 %

NASDAQ EXLS opened at $36.52 on Friday. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 1.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $37.00. The company’s 50 day moving average price is $35.21 and its 200 day moving average price is $32.11.

ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The business had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. During the same quarter last year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts predict that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

Analyst Upgrades and Downgrades

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

About ExlService

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.