ExlService Holdings, Inc. $EXLS Stock Holdings Cut by Vanguard Group Inc.

Vanguard Group Inc. cut its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,623,344 shares of the business services provider’s stock after selling 228,622 shares during the quarter. Vanguard Group Inc. owned 0.09% of ExlService worth $643,866,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EXLS. Empowered Funds LLC grew its holdings in ExlService by 277.7% during the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $821,000 after acquiring an additional 12,781 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of ExlService by 4.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock valued at $23,486,000 after purchasing an additional 19,769 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of ExlService in the 1st quarter worth approximately $10,084,000. Allianz Asset Management GmbH grew its stake in shares of ExlService by 20.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 29,456 shares of the business services provider’s stock worth $1,290,000 after purchasing an additional 4,949 shares during the last quarter. Finally, Ethic Inc. raised its holdings in shares of ExlService by 17.0% in the 2nd quarter. Ethic Inc. now owns 10,579 shares of the business services provider’s stock worth $464,000 after purchasing an additional 1,539 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of ExlService stock in a transaction that occurred on Tuesday, December 2nd. The shares were 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. The trade was a 9.27% decrease in their ownership of the stock. The transaction 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 stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $30.32, for a total transaction of $68,978.00. Following the transaction, the executive vice president owned 53,768 shares in the company, valued at approximately $1,630,245.76. This trade represents a 4.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,163 shares of company stock valued at $884,909 over the last quarter. Corporate insiders own 4.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. TD Cowen reduced their price objective on ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

ExlService Stock Down 5.2%

Shares of ExlService stock opened at $28.51 on Tuesday. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.21 and a beta of 0.88. The stock has a 50-day simple moving average of $38.72 and a 200-day simple moving average of $40.63. ExlService Holdings, Inc. has a 52-week low of $28.42 and a 52-week high of $51.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91.

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.