Mutual Advisors LLC Takes Position in ExlService Holdings, Inc. (EXLS)

Mutual Advisors LLC acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,652 shares of the business services provider’s stock, valued at approximately $341,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in shares of ExlService by 4.0% during the 2nd quarter. California Public Employees Retirement System now owns 52,600 shares of the business services provider’s stock worth $2,924,000 after acquiring an additional 2,000 shares during the last quarter. Neumeier Poma Investment Counsel LLC lifted its holdings in shares of ExlService by 100.4% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 400,475 shares of the business services provider’s stock worth $23,356,000 after acquiring an additional 200,625 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ExlService by 10.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 132,500 shares of the business services provider’s stock worth $7,692,000 after acquiring an additional 12,586 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of ExlService by 116.2% during the 3rd quarter. GSA Capital Partners LLP now owns 9,123 shares of the business services provider’s stock worth $532,000 after acquiring an additional 4,904 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in shares of ExlService during the 3rd quarter worth $483,000. 92.49% of the stock is owned by institutional investors.

In other ExlService news, EVP Villa Rembert De sold 3,428 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $60.01, for a total value of $205,714.28. Following the transaction, the executive vice president now owns 9,335 shares in the company, valued at $560,193.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vishal Chhibbar sold 3,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $63.90, for a total transaction of $191,700.00. Following the completion of the transaction, the chief financial officer now owns 3,000 shares in the company, valued at approximately $191,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,608 shares of company stock worth $1,316,353. 5.80% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the stock. Barrington Research lifted their price objective on shares of ExlService from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Citigroup lifted their price objective on shares of ExlService from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $68.00 price objective (up from $60.00) on shares of ExlService in a report on Sunday, October 29th. Zacks Investment Research raised shares of ExlService from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, October 31st. Finally, BidaskClub downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. ExlService has an average rating of “Hold” and a consensus target price of $62.67.

ExlService Holdings, Inc. (EXLS) opened at $61.86 on Friday. The company has a market cap of $2,066.79, a price-to-earnings ratio of 29.32, a P/E/G ratio of 1.90 and a beta of 1.14. ExlService Holdings, Inc. has a 52-week low of $44.61 and a 52-week high of $64.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.81 and a quick ratio of 3.81.

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About ExlService

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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