Thrivent Financial for Lutherans Purchases 21,358 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Thrivent Financial for Lutherans boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.8% during the third quarter, HoldingsChannel reports. The fund owned 2,747,332 shares of the business services provider’s stock after buying an additional 21,358 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ExlService were worth $104,810,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of ExlService during the 3rd quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of ExlService by 164.0% during 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 during the period. New Covenant Trust Company N.A. bought a new position in shares of ExlService in the first quarter valued at approximately $30,000. Huntington National Bank grew its stake in ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after acquiring an additional 375 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EXLS shares. Robert W. Baird upped 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. Citigroup lifted their price target on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.86.

Insider Transactions at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the completion of the sale, the chief executive officer now directly owns 689,645 shares in the company, valued at $32,323,661.15. This trade represents a 12.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Anita Mahon sold 25,670 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the transaction, the executive vice president now owns 68,857 shares in the company, valued at $2,444,423.50. This trade represents a 27.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 483,483 shares of company stock valued at $20,737,537. Company insiders own 4.16% of the company’s stock.

ExlService Price Performance

EXLS stock opened at $44.69 on Monday. ExlService Holdings, Inc. has a 12-month low of $27.27 and a 12-month high of $47.32. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 39.20, a PEG ratio of 2.17 and a beta of 0.99. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $39.75 and its two-hundred day moving average price is $34.98.

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

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.