Thrivent Financial for Lutherans Has $85.49 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Thrivent Financial for Lutherans decreased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,725,974 shares of the business services provider’s stock after selling 50,678 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ExlService were worth $85,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in 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 in the last quarter. William Blair Investment Management LLC lifted its position in shares of ExlService by 46.5% in the 2nd 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 acquiring an additional 1,618,003 shares in the last quarter. Geneva Capital Management LLC boosted its stake in ExlService by 8.7% in the 1st quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock worth $145,817,000 after purchasing an additional 365,776 shares during the period. Boston Trust Walden Corp boosted its stake in ExlService by 1.2% in the 2nd quarter. Boston Trust Walden Corp now owns 3,760,723 shares of the business services provider’s stock worth $117,936,000 after purchasing an additional 46,302 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in ExlService by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock worth $108,756,000 after purchasing an additional 88,759 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In related news, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares in the company, valued at $51,541,593.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Anita Mahon sold 25,670 shares of ExlService stock in a transaction that occurred 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 transaction, the executive vice president now owns 68,857 shares of the company’s stock, valued at $2,444,423.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,625 shares of company stock worth $5,685,581. 3.75% of the stock is owned by corporate insiders.

ExlService Stock Performance

Shares of EXLS stock opened at $36.52 on Friday. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $37.00. The stock’s 50-day moving average is $35.21 and its two-hundred day moving average is $32.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market cap of $6.12 billion, a P/E ratio of 33.81, a PEG ratio of 1.89 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $448.40 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. Analysts predict that ExlService Holdings, Inc. will post 1.28 earnings per share 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.