Sei Investments Co. Has $1.84 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Sei Investments Co. trimmed its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 29.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,538 shares of the business services provider’s stock after selling 24,340 shares during the period. Sei Investments Co.’s holdings in ExlService were worth $1,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. Vanguard Group Inc. lifted its holdings in shares of ExlService by 0.9% in the first quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock valued at $546,208,000 after purchasing an additional 160,723 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of ExlService by 46.5% in 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 in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of ExlService by 8.7% in the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after purchasing an additional 365,776 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of ExlService by 1.2% in the second quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock valued at $117,936,000 after purchasing an additional 46,302 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of ExlService by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock valued at $108,756,000 after purchasing an additional 88,759 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the sale, the chief executive officer now owns 1,509,588 shares in the company, valued at $51,401,471.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Narasimha Kini sold 8,435 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $33.00, for a total value of $278,355.00. Following the transaction, the executive vice president now owns 179,038 shares of the company’s stock, valued at approximately $5,908,254. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rohit Kapoor sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,509,588 shares in the company, valued at $51,401,471.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,625 shares of company stock worth $5,685,581 over the last 90 days. Company insiders own 3.75% of the company’s stock.

ExlService Stock Performance

EXLS opened at $38.77 on Friday. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $39.51. The firm has a market capitalization of $6.50 billion, a PE ratio of 35.90, a PEG ratio of 1.94 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. The business’s 50-day simple moving average is $35.96 and its 200 day simple moving average is $32.58.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $448.40 million for 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 business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, sell-side analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EXLS shares. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. JPMorgan Chase & Co. upped their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of ExlService in a report on Friday, August 2nd. Finally, Citigroup upped their target price on ExlService from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, July 12th. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target 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.