Schroder Investment Management Group Sells 176,538 Shares of ExlService Holdings, Inc. $EXLS

Schroder Investment Management Group cut its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 12.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,203,107 shares of the business services provider’s stock after selling 176,538 shares during the quarter. Schroder Investment Management Group owned about 0.76% of ExlService worth $52,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in ExlService by 6.8% during the 3rd quarter. Blue Trust Inc. now owns 4,180 shares of the business services provider’s stock worth $184,000 after buying an additional 266 shares during the period. Private Advisor Group LLC boosted its position in shares of ExlService by 6.3% in the third quarter. Private Advisor Group LLC now owns 6,038 shares of the business services provider’s stock valued at $266,000 after acquiring an additional 358 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of ExlService by 0.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 52,674 shares of the business services provider’s stock valued at $2,319,000 after acquiring an additional 367 shares during the period. Campbell Newman Asset Management Inc. grew its stake in shares of ExlService by 0.5% in the third quarter. Campbell Newman Asset Management Inc. now owns 79,500 shares of the business services provider’s stock valued at $3,500,000 after acquiring an additional 378 shares in the last quarter. Finally, Journey Strategic Wealth LLC increased its position in ExlService by 7.9% during the third quarter. Journey Strategic Wealth LLC now owns 5,880 shares of the business services provider’s stock worth $259,000 after acquiring an additional 431 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

ExlService Stock Down 4.7%

EXLS stock opened at $30.73 on Wednesday. ExlService Holdings, Inc. has a 52 week low of $26.94 and a 52 week high of $48.79. The business has a 50-day simple moving average of $36.12 and a 200 day simple moving average of $39.72. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.32. The company has a market cap of $4.81 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EXLS. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Needham & Company LLC restated a “buy” rating and set a $40.00 target price (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Stifel Nicolaus dropped their price target on shares of ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, TD Cowen cut their price target on ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 8,114 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total value of $345,088.42. Following the transaction, the executive vice president directly owned 53,515 shares of the company’s stock, valued at $2,275,992.95. This trade represents a 13.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 11,586 shares of company stock valued at $449,725. 4.04% of the stock is owned by company insiders.

ExlService Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.