one8zero8 LLC bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 100,100 shares of the business services provider’s stock, valued at approximately $2,589,000.
Several other institutional investors also recently bought and sold shares of the company. Transamerica Financial Advisors LLC increased its stake in ExlService by 285.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock worth $29,000 after purchasing an additional 502 shares during the period. Private Trust Co. NA boosted its stake in shares of ExlService by 56.2% in the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 258 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of ExlService by 183.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 875 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of ExlService in the fourth quarter valued at approximately $59,000. Finally, First Horizon Corp increased its stake in ExlService by 115.0% during the 4th quarter. First Horizon Corp now owns 1,559 shares of the business services provider’s stock worth $66,000 after buying an additional 834 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.
ExlService Stock Performance
EXLS opened at $37.02 on Thursday. ExlService Holdings, Inc. has a one year low of $24.85 and a one year high of $45.08. The company has a market cap of $5.61 billion, a P/E ratio of 23.28, a PEG ratio of 1.43 and a beta of 0.80. The business’s 50-day simple moving average is $29.74 and its 200-day simple moving average is $30.27.
Insider Activity at ExlService
In related news, insider Vikas Bhalla sold 12,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total value of $362,640.00. Following the transaction, the insider directly owned 153,295 shares of the company’s stock, valued at $4,632,574.90. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on EXLS. Barrington Research set a $43.00 target price on shares of ExlService in a report on Thursday, July 30th. Weiss Ratings downgraded shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. upped their price objective on ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird set a $45.00 target price on ExlService and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, TD Cowen reissued a “buy” rating and set a $39.00 target price (down from $45.00) on shares of ExlService in a research note on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.50.
Get Our Latest Stock Analysis on EXLS
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.
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