Handelsbanken Fonder AB Sells 1,068,264 Shares of ExlService Holdings, Inc. $EXLS

Handelsbanken Fonder AB trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 39.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,644,092 shares of the business services provider’s stock after selling 1,068,264 shares during the period. Handelsbanken Fonder AB owned 1.08% of ExlService worth $42,516,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EXLS. Empowered Funds LLC lifted its holdings in shares of ExlService by 277.7% in the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $821,000 after buying an additional 12,781 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of ExlService by 4.1% in 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 acquiring an additional 19,769 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of ExlService in the 1st quarter valued at approximately $10,084,000. EverSource Wealth Advisors LLC boosted its stake in ExlService by 575.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider’s stock worth $126,000 after buying an additional 2,456 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of ExlService during the 2nd quarter worth about $1,704,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Vikas Bhalla sold 12,000 shares of ExlService stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.22, for a total value of $362,640.00. Following the sale, the insider owned 153,295 shares in the company, valued at $4,632,574.90. This trade represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 dated Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total value of $148,257.23. Following the completion of the sale, the executive vice president owned 48,994 shares in the company, valued at approximately $1,426,215.34. The trade was a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,093 shares of company stock worth $895,787 in the last quarter. 3.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXLS. Weiss Ratings cut ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. lifted their price objective on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird set a $45.00 target price on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, July 30th. TD Cowen reiterated a “buy” rating and set a $39.00 price objective (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. Finally, Barrington Research set a $43.00 target price on shares of ExlService in a research report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.50.

ExlService Price Performance

EXLS opened at $34.90 on Wednesday. The firm has a fifty day moving average price of $29.04 and a 200 day moving average price of $30.52. The stock has a market cap of $5.29 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.41 and a beta of 0.80. ExlService Holdings, Inc. has a 1 year low of $24.85 and a 1 year high of $45.08.

ExlService Company 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.