Arizona State Retirement System Has $1.58 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Posted by on May 12th, 2023

Arizona State Retirement System increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,329 shares of the business services provider’s stock after acquiring an additional 284 shares during the period. Arizona State Retirement System’s holdings in ExlService were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in EXLS. Signaturefd LLC boosted its position in shares of ExlService by 56.0% during the 3rd quarter. Signaturefd LLC now owns 170 shares of the business services provider’s stock worth $25,000 after acquiring an additional 61 shares in the last quarter. Ellevest Inc. acquired a new stake in shares of ExlService during the 3rd quarter worth approximately $27,000. Wipfli Financial Advisors LLC acquired a new stake in shares of ExlService during the 3rd quarter worth approximately $29,000. Assetmark Inc. boosted its position in shares of ExlService by 88.8% during the 3rd quarter. Assetmark Inc. now owns 504 shares of the business services provider’s stock worth $74,000 after acquiring an additional 237 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of ExlService by 358.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 642 shares of the business services provider’s stock worth $95,000 after acquiring an additional 502 shares in the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

Insider Activity

In other news, Director Clyde W. Ostler sold 1,402 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $178.11, for a total transaction of $249,710.22. Following the completion of the transaction, the director now owns 15,843 shares of the company’s stock, valued at $2,821,796.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Ajay Ayyappan sold 328 shares of ExlService stock in a transaction on Friday, February 17th. The shares were sold at an average price of $170.89, for a total transaction of $56,051.92. Following the completion of the transaction, the senior vice president now owns 5,369 shares of the company’s stock, valued at $917,508.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Clyde W. Ostler sold 1,402 shares of ExlService stock in a transaction on Monday, May 1st. The stock was sold at an average price of $178.11, for a total transaction of $249,710.22. Following the transaction, the director now directly owns 15,843 shares of the company’s stock, valued at approximately $2,821,796.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,087 shares of company stock valued at $535,487. Insiders own 3.51% of the company’s stock.

Analysts Set New Price Targets

EXLS has been the topic of several analyst reports. StockNews.com assumed coverage on shares of ExlService in a research report on Thursday, March 16th. They set a “buy” rating on the stock. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price objective on shares of ExlService in a research note on Friday, March 3rd. Finally, Citigroup raised shares of ExlService from a “sell” rating to a “neutral” rating and set a $160.00 price objective for the company in a research note on Wednesday, March 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.00.

ExlService Price Performance

EXLS stock opened at $149.85 on Friday. The company has a fifty day moving average price of $160.94 and a 200-day moving average price of $169.86. The company has a market capitalization of $4.98 billion, a P/E ratio of 32.09, a PEG ratio of 1.88 and a beta of 1.00. ExlService Holdings, Inc. has a 52-week low of $126.17 and a 52-week high of $191.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.02 and a current ratio of 2.02.

ExlService (NASDAQ:EXLS – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The business services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. The firm had revenue of $374.70 million during the quarter, compared to the consensus estimate of $361.14 million. ExlService had a net margin of 10.66% and a return on equity of 23.43%. As a group, equities analysts expect that ExlService Holdings, Inc. will post 5.53 EPS for the current year.

ExlService Profile

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ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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