Mutual of America Capital Management LLC Has $7.62 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Mutual of America Capital Management LLC grew its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 16.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 199,799 shares of the business services provider’s stock after purchasing an additional 28,158 shares during the quarter. Mutual of America Capital Management LLC owned about 0.12% of ExlService worth $7,622,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EXLS. Janney Montgomery Scott LLC increased its position in shares of ExlService by 5.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,863 shares of the business services provider’s stock worth $441,000 after purchasing an additional 682 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in shares of ExlService by 60.7% during the 1st quarter. Orion Portfolio Solutions LLC now owns 26,750 shares of the business services provider’s stock worth $851,000 after purchasing an additional 10,101 shares during the last quarter. Vanguard Group Inc. increased its position in shares of ExlService by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock worth $546,208,000 after purchasing an additional 160,723 shares during the last quarter. Bessemer Group Inc. increased its position in shares of ExlService by 7.8% during the 1st quarter. Bessemer Group Inc. now owns 629,845 shares of the business services provider’s stock worth $20,030,000 after purchasing an additional 45,336 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of ExlService by 156.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,100 shares of the business services provider’s stock worth $13,296,000 after purchasing an additional 255,100 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Performance

EXLS opened at $44.35 on Tuesday. The business has a fifty day simple moving average of $39.75 and a 200 day simple moving average of $34.98. The company has a market capitalization of $7.14 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. ExlService Holdings, Inc. has a 1 year low of $27.62 and a 1 year high of $47.32. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on EXLS shares. JPMorgan Chase & Co. boosted their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Needham & Company LLC lifted their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird lifted their target price on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Citigroup lifted their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.86.

Insider Buying and Selling at ExlService

In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the transaction, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. This trade represents a 2.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total transaction of $911,285.00. Following the completion of the transaction, the executive vice president now owns 68,857 shares of the company’s stock, valued at $2,444,423.50. The trade was a 27.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 483,483 shares of company stock valued at $20,737,537 in the last three months. Corporate insiders own 4.16% of the company’s stock.

About ExlService

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.