State of Alaska Department of Revenue Decreases Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

State of Alaska Department of Revenue trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,345 shares of the business services provider’s stock after selling 405 shares during the quarter. State of Alaska Department of Revenue’s holdings in ExlService were worth $814,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Chartwell Investment Partners LLC raised its holdings in shares of ExlService by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after buying an additional 254 shares in the last quarter. UMB Bank n.a. grew its position in ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after acquiring an additional 288 shares during the last quarter. Dakota Wealth Management grew its position in ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock worth $288,000 after acquiring an additional 311 shares during the last quarter. V Square Quantitative Management LLC grew its position in ExlService by 5.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider’s stock worth $285,000 after acquiring an additional 359 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in ExlService by 2.3% during the 3rd quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock worth $597,000 after acquiring an additional 359 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Price Performance

Shares of EXLS stock opened at $51.41 on Friday. The firm has a market cap of $8.27 billion, a P/E ratio of 45.10, a P/E/G ratio of 2.17 and a beta of 1.03. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The business’s 50 day moving average price is $47.18 and its 200-day moving average price is $41.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

Insider Transactions at ExlService

In related news, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now owns 14,580 shares in the company, valued at $642,249. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,584 shares of company stock worth $1,669,964. 4.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EXLS shares. Needham & Company LLC raised their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird raised their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Finally, Jefferies Financial Group raised their price target on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.00.

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.