JPMorgan Chase & Co. Buys 68,398 Shares of ExlService Holdings, Inc. $EXLS

JPMorgan Chase & Co. increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,412,882 shares of the business services provider’s stock after acquiring an additional 68,398 shares during the period. JPMorgan Chase & Co. owned about 3.41% of ExlService worth $238,331,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its stake in ExlService by 193.6% in the 2nd quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after purchasing an additional 3,063,510 shares during the period. Schroder Investment Management Group bought a new position in shares of ExlService in the second quarter worth approximately $60,415,000. Jane Street Group LLC increased its stake in shares of ExlService by 534.2% in the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock worth $59,318,000 after buying an additional 1,141,008 shares during the period. Norges Bank purchased a new position in shares of ExlService in the second quarter worth $44,020,000. Finally, Qube Research & Technologies Ltd raised its holdings in ExlService by 4,269.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 882,480 shares of the business services provider’s stock valued at $38,644,000 after buying an additional 862,284 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction that occurred 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 owned 115,272 shares in the company, valued at approximately $4,609,727.28. This represents a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 8,114 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were 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. The trade was a 13.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,163 shares of company stock worth $884,909 in the last quarter. Company insiders own 4.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. TD Cowen cut their target price on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

ExlService Trading Down 1.1%

NASDAQ:EXLS opened at $30.07 on Friday. The company has a 50-day moving average price of $38.98 and a 200-day moving average price of $40.75. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.23 and a beta of 0.88. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43. ExlService Holdings, Inc. has a 12 month low of $28.62 and a 12 month high of $51.31.

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.