Lazard Asset Management LLC Has $2.79 Million Stake in ExlService Holdings, Inc. $EXLS

Lazard Asset Management LLC grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 47.1% in the first quarter, HoldingsChannel.com reports. The fund owned 91,551 shares of the business services provider’s stock after buying an additional 29,323 shares during the quarter. Lazard Asset Management LLC’s holdings in ExlService were worth $2,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Private Trust Co. NA increased its holdings in ExlService by 56.2% during the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 258 shares in the last quarter. Fifth Third Bancorp boosted its stake in ExlService by 15.0% in the fourth quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock worth $84,000 after purchasing an additional 259 shares in the last quarter. Composition Wealth LLC boosted its stake in ExlService by 1.6% in the fourth quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider’s stock worth $859,000 after purchasing an additional 314 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of ExlService by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 54,274 shares of the business services provider’s stock worth $2,390,000 after purchasing an additional 318 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of ExlService by 6.3% during the third quarter. Private Advisor Group LLC now owns 6,038 shares of the business services provider’s stock worth $266,000 after purchasing an additional 358 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on EXLS shares. Robert W. Baird set a $45.00 price target on ExlService and gave the company an “outperform” rating in a report on Thursday. Barrington Research set a $43.00 price objective on shares of ExlService in a report on Thursday. TD Cowen restated a “buy” rating and issued a $39.00 price objective (down from $45.00) on shares of ExlService in a research report on Thursday, July 9th. Needham & Company LLC boosted their target price on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.50.

ExlService Stock Down 1.3%

EXLS stock opened at $33.93 on Friday. ExlService Holdings, Inc. has a twelve month low of $24.85 and a twelve month high of $45.08. The company has a market cap of $5.14 billion, a P/E ratio of 21.34, a PEG ratio of 1.42 and a beta of 0.84. The business has a fifty day moving average of $28.32 and a 200-day moving average of $30.98.

Insider Activity

In other ExlService news, insider Vikas Bhalla sold 12,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.22, for a total transaction of $362,640.00. Following the transaction, the insider directly owned 153,295 shares in the company, valued at approximately $4,632,574.90. This represents a 7.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ajay Ayyappan sold 5,093 shares of ExlService stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total transaction of $148,257.23. Following the sale, the executive vice president owned 48,994 shares of the company’s stock, valued at approximately $1,426,215.34. This represents a 9.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% 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.