Mutual of America Capital Management LLC Sells 10,295 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Mutual of America Capital Management LLC reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,302 shares of the business services provider’s stock after selling 10,295 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ExlService were worth $5,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of ExlService by 402.9% during the 3rd quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock valued at $472,045,000 after purchasing an additional 13,487,495 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of ExlService by 367.2% during the third quarter. Wellington Management Group LLP now owns 8,639,488 shares of the business services provider’s stock valued at $242,251,000 after purchasing an additional 6,790,373 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of ExlService by 400.0% during the third quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider’s stock valued at $123,146,000 after purchasing an additional 3,513,403 shares in the last quarter. Norges Bank bought a new position in shares of ExlService during the fourth quarter valued at approximately $79,930,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of ExlService by 118.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock valued at $51,469,000 after purchasing an additional 905,144 shares in the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Maurizio Nicolelli sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $30.66, for a total transaction of $367,920.00. Following the sale, the chief financial officer now directly owns 138,985 shares of the company’s stock, valued at approximately $4,261,280.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other ExlService news, CFO Maurizio Nicolelli sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $30.66, for a total value of $367,920.00. Following the sale, the chief financial officer now directly owns 138,985 shares of the company’s stock, valued at approximately $4,261,280.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Rohit Kapoor sold 30,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $30.47, for a total transaction of $914,100.00. Following the completion of the sale, the chief executive officer now directly owns 1,586,435 shares in the company, valued at $48,338,674.45. The disclosure for this sale can be found here. Insiders have sold a total of 112,837 shares of company stock valued at $3,469,418 in the last ninety days. Company insiders own 3.75% of the company’s stock.

ExlService Trading Down 0.4 %

NASDAQ:EXLS traded down $0.12 on Tuesday, hitting $31.79. The stock had a trading volume of 346,083 shares, compared to its average volume of 980,873. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 1.67 and a beta of 1.00. The company has a fifty day moving average price of $30.23 and a two-hundred day moving average price of $30.61. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $33.40.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $436.51 million for the quarter, compared to the consensus estimate of $424.81 million. ExlService had a net margin of 10.92% and a return on equity of 23.13%. Equities research analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

EXLS has been the subject of several recent analyst reports. Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and raised their target price for the company from $34.00 to $40.00 in a research note on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of ExlService in a report on Friday, May 3rd. Citigroup cut their price objective on shares of ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, TD Cowen lifted their price objective on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.00.

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.