ING Groep NV acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 39,500 shares of the business services provider’s stock, valued at approximately $1,676,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of ExlService by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 5,412,882 shares of the business services provider’s stock valued at $238,331,000 after purchasing an additional 68,398 shares during the period. Handelsbanken Fonder AB lifted 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 valued at $160,467,000 after purchasing an additional 364,146 shares during the period. Mackenzie Financial Corp lifted its stake in shares of ExlService by 1.6% in the third quarter. Mackenzie Financial Corp now owns 2,371,967 shares of the business services provider’s stock valued at $104,438,000 after purchasing an additional 37,881 shares during the period. AQR Capital Management LLC lifted its stake in shares of ExlService by 540.4% in the third quarter. AQR Capital Management LLC now owns 1,963,973 shares of the business services provider’s stock valued at $86,474,000 after purchasing an additional 1,657,317 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of ExlService by 71.7% in the third quarter. Squarepoint Ops LLC now owns 1,689,373 shares of the business services provider’s stock valued at $74,383,000 after purchasing an additional 705,509 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.
ExlService Stock Performance
Shares of EXLS opened at $29.71 on Wednesday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market cap of $4.54 billion, a P/E ratio of 18.92, a PEG ratio of 1.25 and a beta of 0.82. The company has a 50-day moving average of $30.12 and a two-hundred day moving average of $34.53. ExlService Holdings, Inc. has a 12-month low of $26.82 and a 12-month high of $48.54.
ExlService declared that its board has authorized a share repurchase plan on Tuesday, March 17th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Analysts Set New Price Targets
Several brokerages recently commented on EXLS. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective (down from $55.00) on shares of ExlService in a research note on Wednesday, February 25th. JPMorgan Chase & Co. raised their price objective on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Robert W. Baird set a $35.00 target price on shares of ExlService in a research report on Wednesday, February 25th. TD Cowen cut their target price on shares of ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Stifel Nicolaus cut their target price on shares of ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.50.
Check Out Our Latest Research Report on ExlService
Insider Buying and Selling
In other news, insider Vikas Bhalla sold 12,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 153,295 shares of the company’s stock, valued at $4,632,574.90. The trade was a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ajay Ayyappan sold 5,093 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total transaction of $148,257.23. Following the completion of the transaction, the executive vice president directly owned 48,994 shares of the company’s stock, valued at approximately $1,426,215.34. This represents a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.
ExlService 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.
Featured Stories
- Five stocks we like better than ExlService
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Want to see what other hedge funds are holding EXLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report).
Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.
