Jupiter Asset Management Ltd. Sells 54,352 Shares of ExlService Holdings, Inc. $EXLS

Jupiter Asset Management Ltd. lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 20.9% in the 3rd quarter, Holdings Channel reports. The fund owned 205,347 shares of the business services provider’s stock after selling 54,352 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in ExlService were worth $9,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of ExlService during the third quarter valued at approximately $25,000. CENTRAL TRUST Co lifted its position in ExlService by 2,428.0% during the third quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock valued at $28,000 after buying an additional 607 shares during the period. First Horizon Corp purchased a new position in ExlService during the third quarter valued at $32,000. Farther Finance Advisors LLC boosted its holdings in shares of ExlService by 533.6% during the 3rd 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 in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of ExlService in the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Stock Down 1.1%

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

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 2,275 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $30.32, for a total transaction of $68,978.00. Following the completion of the sale, the executive vice president owned 53,768 shares of the company’s stock, valued at $1,630,245.76. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vikas Bhalla sold 11,774 shares of the company’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 completion of the transaction, the insider directly owned 115,272 shares in the company, valued at $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 22,163 shares of company stock worth $884,909. Corporate insiders own 4.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EXLS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a research report on Thursday, January 22nd. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, TD Cowen dropped their price target on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.00.

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.