Vanguard Group Inc. Reduces Stock Position in ExlService Holdings, Inc. $EXLS

Vanguard Group Inc. trimmed its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,623,344 shares of the business services provider’s stock after selling 228,622 shares during the period. Vanguard Group Inc. owned about 9.21% of ExlService worth $643,866,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. bought a new position in ExlService during the 3rd quarter valued at $25,000. CENTRAL TRUST Co lifted its position in shares of ExlService by 2,428.0% during the third quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock worth $28,000 after purchasing an additional 607 shares during the last quarter. First Horizon Corp acquired a new position in ExlService in the third quarter worth about $32,000. Farther Finance Advisors LLC grew its stake in ExlService by 533.6% in the third 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 in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in ExlService in the second quarter valued at about $43,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 11,774 shares of the firm’s 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 transaction, the insider directly owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 8,114 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $42.53, for a total transaction of $345,088.42. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 22,163 shares of company stock valued at $884,909. Company insiders own 4.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EXLS shares. TD Cowen decreased their target price on ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

ExlService Stock Performance

Shares of EXLS stock opened at $28.51 on Tuesday. ExlService Holdings, Inc. has a 12-month low of $28.42 and a 12-month high of $51.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.21 and a beta of 0.88. The business has a 50 day simple moving average of $38.72 and a 200 day simple moving average of $40.63.

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.