Sei Investments Co. lifted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) by 78.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 323,347 shares of the business services provider’s stock after buying an additional 141,857 shares during the quarter. Sei Investments Co.’s holdings in ExlService were worth $9,846,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in ExlService by 9.5% in the 4th quarter. JPMorgan Chase & Co. now owns 5,927,793 shares of the business services provider’s stock worth $251,576,000 after buying an additional 514,911 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of ExlService by 109.7% in the fourth quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider’s stock valued at $174,794,000 after acquiring an additional 2,154,652 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of ExlService by 10.7% in the fourth quarter. Handelsbanken Fonder AB now owns 3,781,036 shares of the business services provider’s stock worth $160,467,000 after acquiring an additional 364,146 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of ExlService by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,902,412 shares of the business services provider’s stock worth $123,181,000 after acquiring an additional 32,734 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of ExlService by 71.7% during the third quarter. Squarepoint Ops LLC now owns 1,689,373 shares of the business services provider’s stock worth $74,383,000 after purchasing an additional 705,509 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.
Insider Transactions at ExlService
In other ExlService news, insider Vikas Bhalla sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $30.22, for a total transaction of $362,640.00. Following the completion of the transaction, the insider owned 153,295 shares in the company, 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 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 that occurred on 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 directly owned 48,994 shares in the company, valued at approximately $1,426,215.34. The trade was a 9.42% decrease in their position. 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. 3.66% of the stock is currently owned by insiders.
ExlService Stock Down 1.3%
Wall Street Analyst Weigh In
Several analysts recently issued reports on EXLS shares. JPMorgan Chase & Co. lifted their target price on ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. TD Cowen restated a “buy” rating and issued a $39.00 price target (down from $45.00) on shares of ExlService in a research note on Thursday, July 9th. Barrington Research set a $43.00 price objective on shares of ExlService in a report on Thursday. Robert W. Baird set a $45.00 price objective on shares of ExlService and gave the company an “outperform” rating in a report on Thursday. Finally, Weiss Ratings cut shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, ExlService has an average rating of “Moderate Buy” and a consensus target price of $43.50.
Get Our Latest Research Report on EXLS
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.
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