Securian Asset Management Inc. Sells 389 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Securian Asset Management Inc. cut its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,162 shares of the business services provider’s stock after selling 389 shares during the quarter. Securian Asset Management Inc.’s holdings in ExlService were worth $540,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its position in ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after buying an additional 59,196 shares in the last quarter. Geode Capital Management LLC grew its position in ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after acquiring an additional 149,856 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of ExlService by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock worth $104,810,000 after buying an additional 21,358 shares during the period. Handelsbanken Fonder AB increased its position in shares of ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after acquiring an additional 1,664,400 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in ExlService by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock valued at $82,448,000 after purchasing an additional 9,775 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Transactions at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction that occurred 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 sale, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. This represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock valued at $2,337,284 over the last 90 days. Company insiders own 4.16% of the company’s stock.

Analyst Ratings Changes

EXLS has been the subject of several research reports. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Needham & Company LLC increased their price target on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus lifted their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.38.

ExlService Stock Up 1.0 %

EXLS opened at $46.60 on Tuesday. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The firm’s 50 day simple moving average is $48.55 and its two-hundred day simple moving average is $44.15. The company has a market capitalization of $7.56 billion, a PE ratio of 40.88, a PEG ratio of 2.11 and a beta of 1.10. 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 (NASDAQ:EXLS) last released its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

ExlService 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.