Public Sector Pension Investment Board Cuts Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Public Sector Pension Investment Board lowered its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLSGet Rating) by 0.9% during the second quarter, HoldingsChannel.com reports. The firm owned 61,617 shares of the business services provider’s stock after selling 545 shares during the period. Public Sector Pension Investment Board’s holdings in ExlService were worth $9,078,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EXLS. Mutual of America Capital Management LLC raised its stake in shares of ExlService by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 4,799 shares of the business services provider’s stock valued at $688,000 after acquiring an additional 249 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of ExlService by 8.6% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 22,266 shares of the business services provider’s stock valued at $3,190,000 after acquiring an additional 1,771 shares during the period. abrdn plc raised its stake in shares of ExlService by 14.4% in the 1st quarter. abrdn plc now owns 27,551 shares of the business services provider’s stock valued at $3,947,000 after acquiring an additional 3,471 shares during the period. Versor Investments LP raised its stake in shares of ExlService by 32.2% in the 1st quarter. Versor Investments LP now owns 2,523 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 614 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in ExlService by 1.2% during the 1st quarter. Victory Capital Management Inc. now owns 67,210 shares of the business services provider’s stock valued at $9,550,000 after purchasing an additional 821 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

ExlService Price Performance

Shares of EXLS stock opened at $185.56 on Thursday. The firm has a market cap of $6.13 billion, a P/E ratio of 45.04, a P/E/G ratio of 2.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.02 and a quick ratio of 2.02. ExlService Holdings, Inc. has a 1-year low of $112.14 and a 1-year high of $191.18. The firm has a fifty day moving average of $169.33 and a two-hundred day moving average of $158.94.

Insiders Place Their Bets

In other ExlService news, Director Clyde W. Ostler sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $183.08, for a total transaction of $549,240.00. Following the completion of the transaction, the director now directly owns 19,261 shares of the company’s stock, valued at approximately $3,526,303.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Clyde W. Ostler sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $183.08, for a total value of $549,240.00. Following the transaction, the director now directly owns 19,261 shares in the company, valued at approximately $3,526,303.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Vikas Bhalla sold 3,896 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $182.50, for a total transaction of $711,020.00. Following the completion of the transaction, the executive vice president now owns 9,379 shares in the company, valued at $1,711,667.50. The disclosure for this sale can be found here. 3.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of recent analyst reports. Cowen raised their price target on shares of ExlService from $155.00 to $170.00 in a report on Friday, July 29th. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Needham & Company LLC raised their price target on shares of ExlService from $190.00 to $200.00 and gave the company a “buy” rating in a report on Friday, October 28th. Citigroup raised their price target on shares of ExlService from $140.00 to $145.00 in a report on Friday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of ExlService from $196.00 to $187.00 and set an “overweight” rating for the company in a report on Friday, October 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.57.

ExlService Profile

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ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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.

Further Reading

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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