Lazard Asset Management LLC Has $2.79 Million Stock Position in ExlService Holdings, Inc. $EXLS

Lazard Asset Management LLC increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 47.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,551 shares of the business services provider’s stock after acquiring an additional 29,323 shares during the quarter. Lazard Asset Management LLC owned about 0.06% of ExlService worth $2,788,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC grew its position in ExlService by 285.2% in the 4th 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 last quarter. Private Trust Co. NA increased its holdings in shares of ExlService by 56.2% during the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after purchasing an additional 258 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of ExlService during the fourth quarter valued at about $33,000. Hantz Financial Services Inc. raised its position in shares of ExlService by 183.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock valued at $57,000 after buying an additional 875 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of ExlService in the fourth quarter valued at about $59,000. 92.92% of the stock is owned by institutional investors.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vikas Bhalla sold 12,000 shares of the stock in a transaction 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 directly owned 153,295 shares in the company, valued at $4,632,574.90. This represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 on Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total value of $148,257.23. Following the transaction, the executive vice president directly owned 48,994 shares of the company’s stock, valued at approximately $1,426,215.34. The trade was a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EXLS shares. Robert W. Baird set a $45.00 target price on ExlService and gave the stock an “outperform” rating in a research report on Thursday. Weiss Ratings cut ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Barrington Research set a $43.00 price objective on ExlService in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, TD Cowen restated a “buy” rating and set a $39.00 price objective (down from $45.00) on shares of ExlService in a research report on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.50.

ExlService Trading Down 1.3%

NASDAQ EXLS opened at $33.93 on Friday. ExlService Holdings, Inc. has a 1-year low of $24.85 and a 1-year high of $45.08. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.42 and a beta of 0.84. The stock’s 50 day moving average is $28.32 and its two-hundred day moving average is $30.98.

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.