Royal Bank of Canada Decreases Stake in ExlService Holdings, Inc. $EXLS

Royal Bank of Canada lowered its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 30.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 948,530 shares of the business services provider’s stock after selling 422,900 shares during the quarter. Royal Bank of Canada’s holdings in ExlService were worth $28,882,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Transamerica Financial Advisors LLC raised its holdings in ExlService by 285.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 502 shares during the period. Private Trust Co. NA increased its holdings in ExlService by 56.2% in the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 258 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in ExlService in the 4th quarter worth $33,000. Hantz Financial Services Inc. boosted its holdings in shares of ExlService by 183.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 875 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of ExlService during the fourth quarter valued at about $59,000. Institutional investors own 92.92% of the company’s stock.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 5,093 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total transaction of $148,257.23. Following the transaction, the executive vice president owned 48,994 shares in the company, valued at $1,426,215.34. This trade represents a 9.42% decrease in their position. The sale 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, insider Vikas Bhalla sold 12,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total transaction of $362,640.00. Following the transaction, the insider directly owned 153,295 shares in the company, valued at approximately $4,632,574.90. The trade was a 7.26% 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXLS. Weiss Ratings lowered ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Robert W. Baird set a $45.00 target price on shares of ExlService and gave the company an “outperform” rating in a research note on Thursday, July 30th. Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Barrington Research set a $43.00 price target on shares of ExlService in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.50.

ExlService Trading Up 0.4%

Shares of NASDAQ EXLS opened at $34.39 on Wednesday. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.38 and a beta of 0.80. The company has a 50 day simple moving average of $28.52 and a two-hundred day simple moving average of $30.80. ExlService Holdings, Inc. has a 12 month low of $24.85 and a 12 month high of $45.08.

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.