TIAA CREF Investment Management LLC Has $9.68 Million Holdings in ExlService Holdings (EXLS)

TIAA CREF Investment Management LLC lowered its position in shares of ExlService Holdings (NASDAQ:EXLS) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,449 shares of the business services provider’s stock after selling 10,594 shares during the quarter. TIAA CREF Investment Management LLC owned 0.47% of ExlService worth $9,683,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. California Public Employees Retirement System lifted its holdings in shares of ExlService by 5.9% in the third quarter. California Public Employees Retirement System now owns 55,718 shares of the business services provider’s stock worth $3,249,000 after buying an additional 3,118 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of ExlService by 110.6% in the fourth quarter. LS Investment Advisors LLC now owns 2,414 shares of the business services provider’s stock worth $146,000 after buying an additional 1,268 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ExlService by 10.5% in the third quarter. JPMorgan Chase & Co. now owns 132,500 shares of the business services provider’s stock worth $7,692,000 after buying an additional 12,586 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of ExlService by 13.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 181,289 shares of the business services provider’s stock worth $10,941,000 after buying an additional 20,880 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of ExlService by 116.2% in the third quarter. GSA Capital Partners LLP now owns 9,123 shares of the business services provider’s stock worth $532,000 after buying an additional 4,904 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

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ExlService stock opened at $55.22 on Monday. The firm has a market cap of $1,888.43, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.08. ExlService Holdings has a 52-week low of $45.05 and a 52-week high of $64.34.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The company had revenue of $197.88 million for the quarter, compared to the consensus estimate of $194.86 million. ExlService had a net margin of 6.41% and a return on equity of 15.09%. ExlService’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. equities research analysts predict that ExlService Holdings will post 2.26 earnings per share for the current fiscal year.

In other ExlService news, EVP Nalin Kumar Miglani sold 5,157 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $58.14, for a total transaction of $299,827.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Vishal Chhibbar sold 3,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $63.90, for a total transaction of $191,700.00. Following the transaction, the chief financial officer now owns 3,000 shares in the company, valued at approximately $191,700. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,014 shares of company stock worth $1,205,033. 5.80% of the stock is owned by insiders.

EXLS has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. BidaskClub downgraded shares of ExlService from a “hold” rating to a “sell” rating in a report on Saturday, March 3rd. Cantor Fitzgerald reissued a “buy” rating and issued a $71.00 target price on shares of ExlService in a report on Monday, February 19th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $70.00 price target (down previously from $72.00) on shares of ExlService in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.50.

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ExlService Company Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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