Tredje AP fonden Purchases 120,000 Shares of ExlService Holdings, Inc. $EXLS

Tredje AP fonden grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 20.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 714,000 shares of the business services provider’s stock after acquiring an additional 120,000 shares during the period. Tredje AP fonden’s holdings in ExlService were worth $31,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC grew its holdings in ExlService by 277.7% during the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $821,000 after purchasing an additional 12,781 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of ExlService by 4.1% in the first 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 buying an additional 19,769 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of ExlService in the first quarter valued at approximately $10,084,000. Allianz Asset Management GmbH boosted its stake in shares of ExlService by 20.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 29,456 shares of the business services provider’s stock worth $1,290,000 after acquiring an additional 4,949 shares during the period. Finally, Securian Asset Management Inc. increased its holdings in shares of ExlService by 1.9% during the 2nd quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock worth $543,000 after acquiring an additional 228 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

ExlService Stock Down 1.1%

EXLS stock opened at $30.07 on Friday. ExlService Holdings, Inc. has a 52 week low of $28.62 and a 52 week high of $51.31. The business has a 50-day simple moving average of $38.98 and a 200 day simple moving average of $40.75. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. The company has a market cap of $4.77 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 8,114 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were 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 owned 53,515 shares of the company’s stock, valued at approximately $2,275,992.95. This represents a 13.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the sale, the insider owned 115,272 shares in the company, valued at $4,609,727.28. This represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,163 shares of company stock valued at $884,909 over the last 90 days. Corporate insiders own 4.04% of the company’s stock.

Analysts Set New Price Targets

EXLS has been the subject of several research reports. TD Cowen cut their price target on ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

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.