ExlService Holdings, Inc. $EXLS Shares Purchased by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 602.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,957 shares of the business services provider’s stock after purchasing an additional 61,708 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in ExlService were worth $3,168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. acquired a new position in ExlService in the third quarter valued at $25,000. First Horizon Corp purchased a new position in shares of ExlService in the 3rd quarter worth about $32,000. Farther Finance Advisors LLC lifted its stake in shares of ExlService by 533.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 667 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of ExlService in the 2nd quarter valued at about $43,000. Finally, Huntington National Bank grew its holdings in shares of ExlService by 14.4% during the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after purchasing an additional 246 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EXLS shares. Weiss Ratings restated a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, TD Cowen reduced their target price on shares of ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

ExlService Price Performance

EXLS opened at $38.60 on Friday. ExlService Holdings, Inc. has a twelve month low of $37.30 and a twelve month high of $52.43. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.60 and a beta of 0.91. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $41.63 and a 200 day simple moving average of $41.93.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $529.59 million for the quarter, compared to analyst estimates of $522.35 million. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. Equities research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Activity

In related news, EVP Ajay Ayyappan sold 8,114 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $42.53, for a total value of $345,088.42. Following the completion of the transaction, the executive vice president owned 53,515 shares of the company’s stock, valued at approximately $2,275,992.95. This represents a 13.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total value 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 trade represents a 9.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.04% of the company’s stock.

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.