Mutual of America Capital Management LLC Lowers Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Mutual of America Capital Management LLC decreased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,597 shares of the business services provider’s stock after selling 9,825 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.12% of ExlService worth $5,880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. grew its holdings in shares of ExlService by 1,301.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider’s stock worth $2,645,000 after purchasing an additional 79,606 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of ExlService by 1.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 56,554 shares of the business services provider’s stock worth $1,745,000 after purchasing an additional 858 shares during the period. Wakefield Asset Management LLLP grew its holdings in shares of ExlService by 11.3% during the 4th quarter. Wakefield Asset Management LLLP now owns 24,338 shares of the business services provider’s stock worth $751,000 after purchasing an additional 2,480 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ExlService by 3.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,706 shares of the business services provider’s stock worth $2,274,000 after purchasing an additional 2,431 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in ExlService during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the transaction, the executive vice president now directly owns 50,693 shares in the company, valued at approximately $1,601,391.87. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Vikas Bhalla sold 23,760 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the transaction, the executive vice president now directly owns 127,046 shares in the company, valued at approximately $4,003,219.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is owned by company insiders.

Analyst Ratings Changes

EXLS has been the topic of several recent research reports. TD Cowen boosted their price target on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Citigroup raised ExlService from a “neutral” rating to a “buy” rating and upped their target price for the company from $29.00 to $36.00 in a research report on Wednesday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of ExlService in a research report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

ExlService Stock Performance

EXLS stock opened at $30.11 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. The firm has a market cap of $4.99 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.59 and a beta of 0.97. ExlService Holdings, Inc. has a 12-month low of $25.17 and a 12-month high of $35.94. The stock’s 50 day simple moving average is $30.88 and its 200 day simple moving average is $29.75.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. ExlService had a net margin of 11.32% and a return on equity of 22.83%. As a group, equities research analysts predict that ExlService Holdings, Inc. will post 1.3 EPS for the current 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.