ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by South Dakota Investment Council

South Dakota Investment Council reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.5% in the 4th quarter, Holdings Channel reports. The fund owned 27,357 shares of the business services provider’s stock after selling 1,589 shares during the period. South Dakota Investment Council’s holdings in ExlService were worth $1,214,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXLS. State Street Corp grew its position in shares of ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares during the period. Geneva Capital Management LLC boosted its stake in ExlService by 1.9% in the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after buying an additional 87,592 shares during the last quarter. Geode Capital Management LLC grew its holdings in ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after buying an additional 149,856 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of ExlService by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock valued at $104,810,000 after acquiring an additional 21,358 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after acquiring an additional 1,664,400 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Jefferies Financial Group boosted their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Robert W. Baird increased their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC boosted their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Insider Transactions at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 4,989 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total transaction of $252,942.30. Following the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at approximately $2,077,990.20. The trade was a 10.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,928 shares of company stock valued at $1,762,344 over the last quarter. Company insiders own 4.16% of the company’s stock.

ExlService Stock Down 4.8 %

Shares of ExlService stock opened at $48.00 on Monday. The company has a fifty day moving average price of $47.79 and a 200 day moving average price of $42.82. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 42.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03.

ExlService Company 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.