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

Hillsdale Investment Management Inc. grew its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 26.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 174,200 shares of the business services provider’s stock after buying an additional 36,340 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in ExlService were worth $7,670,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in EXLS. Mather Group LLC. acquired a new stake in ExlService in the third quarter valued at approximately $25,000. CENTRAL TRUST Co increased its position in shares of ExlService by 2,428.0% in the 3rd quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 607 shares during the last quarter. First Horizon Corp acquired a new stake in shares of ExlService in the 3rd quarter valued at $32,000. Farther Finance Advisors LLC lifted its position in shares of ExlService by 533.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock worth $35,000 after purchasing an additional 667 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of ExlService during the second quarter worth $43,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Down 1.1%

EXLS opened at $30.07 on Friday. ExlService Holdings, Inc. has a one year low of $28.62 and a one year high of $51.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. The stock has a market capitalization of $4.77 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. The business’s 50-day simple moving average is $38.98 and its 200-day simple moving average is $40.75.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of ExlService in a research note on Thursday, January 22nd. TD Cowen cut their target price on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. Finally, Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 8,114 shares of ExlService stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total value of $345,088.42. Following the transaction, the executive vice president directly owned 53,515 shares of the company’s stock, valued at $2,275,992.95. The trade was a 13.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total transaction of $470,842.26. Following the sale, the insider owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 22,163 shares of company stock worth $884,909. 4.04% of the stock is currently owned by corporate insiders.

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.