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

Mutual of America Capital Management LLC lifted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,169 shares of the business services provider’s stock after buying an additional 6,370 shares during the period. Mutual of America Capital Management LLC owned approximately 0.13% of ExlService worth $9,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Private Advisor Group LLC increased its stake in ExlService by 7.8% during the 3rd quarter. Private Advisor Group LLC now owns 10,218 shares of the business services provider’s stock valued at $390,000 after buying an additional 742 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in ExlService by 5.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,345 shares of the business services provider’s stock valued at $509,000 after purchasing an additional 653 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in ExlService by 5.3% during the third quarter. State of Alaska Department of Revenue now owns 18,750 shares of the business services provider’s stock worth $715,000 after acquiring an additional 940 shares during the period. US Bancorp DE raised its holdings in shares of ExlService by 17.2% in the 3rd quarter. US Bancorp DE now owns 19,163 shares of the business services provider’s stock worth $731,000 after purchasing an additional 2,818 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in ExlService by 46.1% in the third quarter. Janney Montgomery Scott LLC now owns 20,660 shares of the business services provider’s stock worth $788,000 after buying an additional 6,519 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EXLS shares. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Stifel Nicolaus lifted their price target on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday. Needham & Company LLC increased their price objective on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ExlService has an average rating of “Moderate Buy” and an average price target of $47.38.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 4,989 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,077,990.20. This represents a 10.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,928 shares of company stock valued at $1,762,344 in the last quarter. Corporate insiders own 4.16% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $48.45 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The business has a 50-day moving average of $48.13 and a two-hundred day moving average of $43.19. The stock has a market capitalization of $7.79 billion, a P/E ratio of 42.50, a P/E/G ratio of 2.11 and a beta of 1.03.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. On average, equities research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

ExlService 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.