Tudor Investment Corp ET AL Raises Holdings in ExlService Holdings, Inc. $EXLS

Tudor Investment Corp ET AL increased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 451.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 975,894 shares of the business services provider’s stock after buying an additional 798,831 shares during the period. Tudor Investment Corp ET AL owned about 0.61% of ExlService worth $42,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of EXLS. Mather Group LLC. bought a new position in shares of ExlService in the 3rd quarter worth $25,000. CENTRAL TRUST Co grew its stake in ExlService by 2,428.0% in the third 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 bought a new position in ExlService in the third quarter worth about $32,000. Farther Finance Advisors LLC lifted its position in shares of ExlService by 533.6% during the third quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock valued at $35,000 after buying an additional 667 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of ExlService during the second quarter valued at about $43,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Stock Down 0.8%

Shares of EXLS opened at $30.59 on Thursday. The stock’s 50-day moving average price is $34.68 and its 200-day moving average price is $39.18. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.38 and a beta of 0.91. ExlService Holdings, Inc. has a 52 week low of $26.94 and a 52 week high of $48.79.

ExlService declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 17th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 8,114 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the sale, the executive vice president directly owned 53,515 shares of the company’s stock, valued at $2,275,992.95. This represents a 13.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 11,586 shares of company stock valued at $449,725 in the last three months. Corporate insiders own 4.04% of the company’s stock.

Wall Street Analysts Forecast Growth

EXLS has been the subject of a number of analyst reports. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Stifel Nicolaus lowered their price objective on ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Robert W. Baird set a $35.00 target price on ExlService in a research note on Wednesday, February 25th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.60.

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.