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

Mutual of America Capital Management LLC increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 16.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,799 shares of the business services provider’s stock after acquiring an additional 28,158 shares during the period. Mutual of America Capital Management LLC’s holdings in ExlService were worth $7,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in ExlService in the third quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. boosted its position in ExlService by 164.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after buying an additional 574 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in ExlService in the first quarter valued at approximately $30,000. Huntington National Bank boosted its position in ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,131 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in ExlService by 28.7% in the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after buying an additional 391 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $44.35 on Tuesday. The company has a market capitalization of $7.14 billion, a PE ratio of 38.90, a P/E/G ratio of 2.17 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a twelve month low of $27.62 and a twelve month high of $47.32. The firm has a fifty day simple moving average of $39.75 and a 200 day simple moving average of $34.98.

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

Insiders Place Their Bets

In other ExlService news, EVP Anita Mahon sold 25,670 shares of ExlService stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the sale, the executive vice president now directly owns 68,857 shares of the company’s stock, valued at approximately $2,444,423.50. The trade was a 27.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the transaction, the insider now directly owns 102,825 shares in the company, valued at $4,304,254.50. This trade represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 483,483 shares of company stock worth $20,737,537. 4.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EXLS shares. JPMorgan Chase & Co. raised their target price on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Robert W. Baird raised their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $42.00 in a research note on Monday, September 9th. Citigroup raised their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

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.