Elo Mutual Pension Insurance Co Boosts Holdings in ExlService Holdings, Inc. $EXLS

Elo Mutual Pension Insurance Co raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 98.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,303 shares of the business services provider’s stock after acquiring an additional 30,436 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in ExlService were worth $2,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of EXLS. Empowered Funds LLC increased its position in ExlService by 277.7% in the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $821,000 after buying an additional 12,781 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in ExlService by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock worth $23,486,000 after acquiring an additional 19,769 shares during the last quarter. Jane Street Group LLC bought a new stake in ExlService in the 1st quarter valued at about $10,084,000. Strs Ohio lifted its holdings in ExlService by 21.4% during the second quarter. Strs Ohio now owns 46,615 shares of the business services provider’s stock valued at $2,041,000 after purchasing an additional 8,215 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in ExlService by 1.6% during the second quarter. State of Michigan Retirement System now owns 39,100 shares of the business services provider’s stock valued at $1,712,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 1,197 shares of ExlService stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $29.79, for a total transaction of $35,658.63. Following the completion of the sale, the executive vice president owned 53,901 shares in the company, valued at approximately $1,605,710.79. This trade represents a 2.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 11,586 shares of company stock valued at $449,725. Company insiders own 4.04% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExlService in a research note on Thursday, January 22nd. TD Cowen reduced their price objective on shares of ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Stifel Nicolaus lowered their target price on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective (down from $55.00) on shares of ExlService in a research note on Wednesday, February 25th. Finally, Robert W. Baird set a $35.00 price objective on ExlService in a report on Wednesday, February 25th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.60.

ExlService Trading Up 2.3%

ExlService stock opened at $31.93 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.56 and a current ratio of 2.56. ExlService Holdings, Inc. has a fifty-two week low of $26.94 and a fifty-two week high of $48.79. The stock has a market cap of $4.99 billion, a P/E ratio of 20.73, a PEG ratio of 1.34 and a beta of 0.91. The firm’s fifty day moving average price is $37.24 and its 200-day moving average price is $40.12.

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.