ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 8.6% during the 2nd quarter, Holdings Channel reports. The firm owned 32,893 shares of the business services provider’s stock after selling 3,093 shares during the period. American Century Companies Inc.’s holdings in ExlService were worth $1,032,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of ExlService by 0.9% during 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 buying an additional 160,723 shares during the period. Geneva Capital Management LLC grew its holdings in ExlService by 8.7% during the 1st 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 grew its holdings in ExlService by 1.2% during the 2nd 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. Goldman Sachs Group Inc. grew its holdings in ExlService by 118.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock valued at $51,469,000 after purchasing an additional 905,144 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in ExlService by 7.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,641,949 shares of the business services provider’s stock worth $51,492,000 after acquiring an additional 110,526 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

ExlService Stock Performance

EXLS stock opened at $38.15 on Tuesday. 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 stock has a market cap of $6.39 billion, a P/E ratio of 35.32, a P/E/G ratio of 1.94 and a beta of 1.00. The firm has a 50 day simple moving average of $35.62 and a 200 day simple moving average of $32.37. ExlService Holdings, Inc. has a 52 week low of $25.17 and a 52 week high of $38.72.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. Research analysts anticipate that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In related news, insider Vivek Jetley sold 2,015 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the transaction, the insider now owns 326,642 shares of the company’s stock, valued at $11,677,451.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other ExlService news, insider Vivek Jetley sold 2,015 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $35.75, for a total value of $72,036.25. Following the sale, the insider now owns 326,642 shares of the company’s stock, valued at approximately $11,677,451.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 40,000 shares of the 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 owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 163,625 shares of company stock worth $5,685,581. 3.75% of the stock is owned by insiders.

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.