Jupiter Asset Management Ltd. Sells 54,352 Shares of ExlService Holdings, Inc. $EXLS

Jupiter Asset Management Ltd. reduced its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 20.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,347 shares of the business services provider’s stock after selling 54,352 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.13% of ExlService worth $9,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXLS. JPMorgan Chase & Co. grew its stake in ExlService by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 5,412,882 shares of the business services provider’s stock valued at $238,331,000 after acquiring an additional 68,398 shares in the last quarter. Geneva Capital Management LLC grew its position in shares of ExlService by 7.7% during the 2nd quarter. Geneva Capital Management LLC now owns 5,013,398 shares of the business services provider’s stock valued at $219,537,000 after purchasing an additional 357,833 shares in the last quarter. Invesco Ltd. increased its holdings in shares of ExlService by 193.6% in the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after purchasing an additional 3,063,510 shares during the period. Handelsbanken Fonder AB raised its position in shares of ExlService by 30.5% in the second quarter. Handelsbanken Fonder AB now owns 3,583,322 shares of the business services provider’s stock worth $156,914,000 after buying an additional 836,632 shares in the last quarter. Finally, Fenimore Asset Management Inc boosted its stake in ExlService by 0.7% during the third quarter. Fenimore Asset Management Inc now owns 2,789,992 shares of the business services provider’s stock valued at $122,843,000 after buying an additional 18,747 shares during the period. Institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 115,272 shares in the company, valued at approximately $4,609,727.28. This represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay Ayyappan sold 8,114 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $42.53, for a total transaction of $345,088.42. Following the completion of the sale, the executive vice president directly owned 53,515 shares of the company’s stock, valued at approximately $2,275,992.95. This represents a 13.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,163 shares of company stock valued at $884,909. 4.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. TD Cowen lowered their price target on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a research note 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.00.

ExlService Trading Down 1.1%

Shares of EXLS opened at $30.07 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. ExlService Holdings, Inc. has a fifty-two week low of $28.62 and a fifty-two week high of $51.31. The firm has a 50 day moving average price of $38.98 and a 200-day moving average price of $40.75. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.23 and a beta of 0.88.

About ExlService

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.