Tredje AP fonden Acquires 120,000 Shares of ExlService Holdings, Inc. $EXLS

Tredje AP fonden lifted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 20.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 714,000 shares of the business services provider’s stock after acquiring an additional 120,000 shares during the period. Tredje AP fonden owned approximately 0.45% of ExlService worth $31,437,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXLS. Securian Asset Management Inc. lifted its stake in ExlService by 1.9% during the second quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock worth $543,000 after purchasing an additional 228 shares during the period. Huntington National Bank lifted its position in shares of ExlService by 14.4% during the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after buying an additional 246 shares during the period. Blue Trust Inc. lifted its position in shares of 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. Jennison Associates LLC boosted its stake in ExlService by 1.5% in the 2nd quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock valued at $853,000 after buying an additional 288 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in 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. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Down 1.1%

NASDAQ:EXLS opened at $30.07 on Friday. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.23 and a beta of 0.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. The stock’s fifty day moving average price is $38.98 and its two-hundred day moving average price is $40.75. ExlService Holdings, Inc. has a 52-week low of $28.62 and a 52-week high of $51.31.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EXLS shares. TD Cowen reduced their target price on shares of ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c+)” rating on shares of ExlService in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Insider Activity

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total value of $470,842.26. Following the completion of the sale, the insider directly owned 115,272 shares in the company, valued at $4,609,727.28. This represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay Ayyappan sold 2,275 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $30.32, for a total transaction of $68,978.00. Following the completion of the transaction, the executive vice president owned 53,768 shares of the company’s stock, valued at $1,630,245.76. This trade represents a 4.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,163 shares of company stock valued at $884,909 over the last three months. Company insiders own 4.04% of the company’s stock.

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.