California State Teachers Retirement System decreased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 52,402 shares of the business services provider’s stock after selling 5,563 shares during the quarter. California State Teachers Retirement System’s holdings in ExlService were worth $3,056,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in EXLS. Riverhead Capital Management LLC boosted its stake in ExlService by 61.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 864 shares during the period. ETRADE Capital Management LLC bought a new stake in shares of ExlService in the 3rd quarter worth approximately $216,000. GSA Capital Partners LLP bought a new stake in shares of ExlService in the 2nd quarter worth approximately $234,000. Pinebridge Investments L.P. lifted its position in shares of ExlService by 1.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after acquiring an additional 67 shares during the period. Finally, Amalgamated Bank lifted its position in shares of ExlService by 5.2% in the 2nd quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock worth $252,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.
In other news, EVP Nalin Kumar Miglani sold 3,526 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $60.37, for a total value of $212,864.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 931 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $62.50, for a total value of $58,187.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,340 shares of company stock valued at $3,427,555. 5.80% of the stock is currently owned by insiders.
ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. ExlService had a return on equity of 14.81% and a net margin of 9.94%. The business had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $191.20 million. During the same period in the prior year, the firm posted $0.61 EPS. ExlService’s quarterly revenue was up 12.3% compared to the same quarter last year. research analysts predict that ExlService Holdings, Inc. will post 2.12 earnings per share for the current year.
EXLS has been the subject of a number of research reports. Citigroup raised their price objective on ExlService from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. BidaskClub downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Barrington Research raised their price objective on ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price objective on shares of ExlService in a research report on Thursday, October 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $68.00 price objective (up previously from $60.00) on shares of ExlService in a research report on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $62.33.
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ExlService Company Profile
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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