Vise Technologies Inc. bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,970 shares of the business services provider’s stock, valued at approximately $594,000.
Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of ExlService in the 2nd quarter worth $488,370,000. JPMorgan Chase & Co. boosted its holdings in ExlService by 9.5% during the fourth 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 during the last quarter. AQR Capital Management LLC grew its position in shares of ExlService by 109.7% during the 4th quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider’s stock worth $174,794,000 after buying an additional 2,154,652 shares during the period. Handelsbanken Fonder AB increased its stake in shares of ExlService by 10.7% in the 4th quarter. Handelsbanken Fonder AB now owns 3,781,036 shares of the business services provider’s stock valued at $160,467,000 after acquiring an additional 364,146 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of ExlService by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,902,412 shares of the business services provider’s stock valued at $123,181,000 after acquiring an additional 32,734 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.
ExlService Stock Up 0.3%
Shares of NASDAQ:EXLS opened at $37.66 on Tuesday. ExlService Holdings, Inc. has a 12-month low of $24.85 and a 12-month high of $45.08. The business has a 50 day moving average of $30.27 and a 200-day moving average of $30.28. The stock has a market cap of $5.71 billion, a PE ratio of 23.69, a P/E/G ratio of 1.51 and a beta of 0.80.
Insider Buying and Selling
In related news, insider Vikas Bhalla sold 12,000 shares of ExlService stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total transaction of $362,640.00. Following the sale, the insider directly 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 Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.66% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on EXLS. Barrington Research set a $43.00 price target on shares of ExlService in a report on Thursday, July 30th. Needham & Company LLC lifted their target price on ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. TD Cowen reissued a “buy” rating and issued a $39.00 target price (down from $45.00) on shares of ExlService in a research note on Thursday, July 9th. Weiss Ratings upgraded ExlService from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Finally, Robert W. Baird set a $45.00 price target on ExlService and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.50.
View Our Latest Stock Report 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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