Schroder Investment Management Group Sells 176,538 Shares of ExlService Holdings, Inc. $EXLS

Schroder Investment Management Group cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 12.8% in the 3rd quarter, Holdings Channel reports. The firm owned 1,203,107 shares of the business services provider’s stock after selling 176,538 shares during the period. Schroder Investment Management Group’s holdings in ExlService were worth $52,901,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of EXLS. Invesco Ltd. increased its position in ExlService by 193.6% during the 2nd 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 in the last quarter. Jane Street Group LLC boosted its position in ExlService by 534.2% in the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock valued at $59,318,000 after buying an additional 1,141,008 shares in the last quarter. Norges Bank bought a new stake in shares of ExlService during the second quarter worth $44,020,000. Qube Research & Technologies Ltd grew its stake in shares of ExlService by 4,269.6% during the second quarter. Qube Research & Technologies Ltd now owns 882,480 shares of the business services provider’s stock worth $38,644,000 after buying an additional 862,284 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of ExlService by 30.5% during 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. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ajay Ayyappan sold 1,197 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $29.79, for a total value of $35,658.63. Following the completion of the sale, the executive vice president directly owned 53,901 shares in the company, valued at $1,605,710.79. This represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 11,586 shares of company stock valued at $449,725 in the last three months. Corporate insiders own 4.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target (down from $55.00) on shares of ExlService in a research note on Wednesday, February 25th. Stifel Nicolaus lowered their target price on ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Robert W. Baird set a $35.00 target price on ExlService in a research report on Wednesday, February 25th. TD Cowen cut their price target on ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and an average target price of $43.60.

ExlService Price Performance

EXLS stock opened at $30.73 on Wednesday. The company has a market capitalization of $4.81 billion, a P/E ratio of 19.95, a PEG ratio of 1.44 and a beta of 0.91. The company has a fifty day moving average price of $36.12 and a 200-day moving average price of $39.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.56 and a current ratio of 2.56. ExlService Holdings, Inc. has a 52-week low of $26.94 and a 52-week high of $48.79.

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.