Public Employees Retirement System of Ohio Acquires 857 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Public Employees Retirement System of Ohio boosted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 439.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,052 shares of the business services provider’s stock after purchasing an additional 857 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in ExlService were worth $29,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of ExlService by 402.9% during the third quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock valued at $472,045,000 after acquiring an additional 13,487,495 shares in the last quarter. FMR LLC increased its holdings in shares of ExlService by 407.4% during the third quarter. FMR LLC now owns 9,605,650 shares of the business services provider’s stock valued at $269,342,000 after acquiring an additional 7,712,359 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of ExlService by 367.2% during the third quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock valued at $242,251,000 after acquiring an additional 6,790,373 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of ExlService by 523.2% during the third quarter. Mackenzie Financial Corp now owns 6,521,863 shares of the business services provider’s stock valued at $179,416,000 after acquiring an additional 5,475,428 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of ExlService by 1.4% during the first quarter. BlackRock Inc. now owns 5,054,281 shares of the business services provider’s stock valued at $724,125,000 after acquiring an additional 67,935 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Up 1.7 %

EXLS stock opened at $31.80 on Friday. The stock’s fifty day simple moving average is $31.23 and its two-hundred day simple moving average is $29.62. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $35.94. The stock has a market cap of $5.27 billion, a P/E ratio of 29.07, a P/E/G ratio of 1.63 and a beta of 0.97.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a return on equity of 22.83% and a net margin of 11.32%. The business had revenue of $414.06 million during the quarter, compared to analysts’ expectations of $408.56 million. Analysts expect that ExlService Holdings, Inc. will post 1.3 EPS for the current year.

Insider Activity

In other news, EVP Vikas Bhalla sold 23,760 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares of the company’s stock, valued at approximately $4,003,219.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Ajay Ayyappan sold 9,259 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the sale, the executive vice president now directly owns 50,693 shares in the company, valued at approximately $1,601,391.87. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Vikas Bhalla sold 23,760 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total value of $748,677.60. Following the sale, the executive vice president now owns 127,046 shares in the company, valued at $4,003,219.46. The disclosure for this sale can be found here. Insiders own 3.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EXLS shares. Citigroup upgraded ExlService from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $29.00 to $36.00 in a report on Wednesday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of ExlService in a research report on Friday, March 1st. TD Cowen lifted their target price on ExlService from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Wedbush reaffirmed a “neutral” rating and set a $34.00 target price on shares of ExlService in a research report on Thursday, December 14th. Finally, StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.86.

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.