ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 313.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,194,690 shares of the business services provider’s stock after acquiring an additional 1,664,400 shares during the quarter. Handelsbanken Fonder AB owned approximately 1.36% of ExlService worth $97,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alberta Investment Management Corp raised its stake in ExlService by 286.6% in the 4th quarter. Alberta Investment Management Corp now owns 113,440 shares of the business services provider’s stock valued at $5,034,000 after purchasing an additional 84,095 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of ExlService during the fourth quarter valued at approximately $26,000. Truist Financial Corp boosted its position in ExlService by 56.2% during the fourth quarter. Truist Financial Corp now owns 21,053 shares of the business services provider’s stock worth $934,000 after acquiring an additional 7,579 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in ExlService in the 4th quarter worth approximately $228,000. Finally, Principal Financial Group Inc. raised its holdings in ExlService by 0.8% in the 4th quarter. Principal Financial Group Inc. now owns 440,393 shares of the business services provider’s stock valued at $19,545,000 after acquiring an additional 3,508 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Trading Up 1.5 %

Shares of EXLS stock opened at $51.79 on Thursday. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The firm’s 50 day moving average price is $47.66 and its two-hundred day moving average price is $42.54. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 45.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Needham & Company LLC increased their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This represents a 28.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. 4.16% of the stock is owned by corporate insiders.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.