Louisiana State Employees Retirement System Has $1.71 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Louisiana State Employees Retirement System lowered its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 44,700 shares of the business services provider’s stock after selling 1,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ExlService were worth $1,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in 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 worth $29,000 after buying an additional 574 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in ExlService during the first quarter worth about $30,000. Fidelis Capital Partners LLC bought a new position in ExlService during the first quarter worth about $43,000. Headlands Technologies LLC boosted its holdings in ExlService by 269.0% during the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock worth $51,000 after buying an additional 1,162 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after buying an additional 375 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EXLS shares. JPMorgan Chase & Co. lifted their price objective on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Citigroup lifted their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of ExlService in a report on Friday, August 2nd. Robert W. Baird lifted their price objective on ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $42.00 in a report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.86.

Insider Buying and Selling

In related news, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the sale, the executive vice president now owns 68,857 shares of the company’s stock, valued at $2,444,423.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,875 shares of company stock valued at $4,716,859. 3.75% of the stock is owned by insiders.

ExlService Stock Up 6.7 %

NASDAQ:EXLS opened at $41.65 on Thursday. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00. ExlService Holdings, Inc. has a twelve month low of $25.40 and a twelve month high of $42.15. The stock’s 50 day moving average price is $37.59 and its two-hundred day moving average price is $33.61. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business 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 firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. Equities research analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

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.