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

South Dakota Investment Council cut its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in shares of ExlService during the fourth quarter worth approximately $25,000. Kestra Investment Management LLC acquired a new position in ExlService in the 4th quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in ExlService during the 3rd quarter worth $27,000. Huntington National Bank raised its position in ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after buying an additional 1,131 shares during the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of ExlService in the fourth quarter valued at about $58,000. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Performance

EXLS opened at $48.00 on Monday. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The stock has a market cap of $7.72 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.11 and a beta of 1.03. The stock’s 50 day simple moving average is $47.79 and its 200 day simple moving average is $42.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

Insider Buying and Selling at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. The trade was a 6.61 % decrease in their position. The sale 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 stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,077,990.20. This trade represents a 10.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,928 shares of company stock valued at $1,762,344. Insiders own 4.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.