ExlService Holdings, Inc. $EXLS Shares Bought by Granahan Investment Management LLC

Granahan Investment Management LLC increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 92.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,993 shares of the business services provider’s stock after acquiring an additional 79,563 shares during the period. Granahan Investment Management LLC’s holdings in ExlService were worth $7,309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of ExlService by 1.3% in the 3rd 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 last quarter. Invesco Ltd. increased its holdings in shares of ExlService by 193.6% during the 2nd quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after buying an additional 3,063,510 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of ExlService by 30.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 3,583,322 shares of the business services provider’s stock worth $156,914,000 after buying an additional 836,632 shares during the period. Fenimore Asset Management Inc raised its position in shares of ExlService by 0.7% in the 3rd quarter. Fenimore Asset Management Inc now owns 2,789,992 shares of the business services provider’s stock worth $122,843,000 after buying an additional 18,747 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in 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 acquiring an additional 37,881 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

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

ExlService Stock Down 0.2%

Shares of NASDAQ EXLS opened at $29.64 on Monday. The stock has a fifty day moving average price of $35.40 and a 200 day moving average price of $39.42. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.32. ExlService Holdings, Inc. has a 12-month low of $26.94 and a 12-month high of $48.79. The company has a market cap of $4.64 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.33 and a beta of 0.91.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 1,197 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $29.79, for a total value of $35,658.63. Following the completion of the sale, the executive vice president owned 53,901 shares of the company’s stock, valued at $1,605,710.79. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 11,586 shares of company stock valued at $449,725 over the last ninety days. 4.04% of the stock is owned by corporate insiders.

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.