CSM Advisors LLC Takes Position in ExlService Holdings, Inc. $EXLS

CSM Advisors LLC acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 40,705 shares of the business services provider’s stock, valued at approximately $1,791,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc grew its stake in shares of ExlService by 72.5% during the second quarter. Ensign Peak Advisors Inc now owns 319,868 shares of the business services provider’s stock worth $14,007,000 after acquiring an additional 134,491 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of ExlService by 17.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 224,783 shares of the business services provider’s stock valued at $9,825,000 after purchasing an additional 33,067 shares during the last quarter. Tandem Investment Advisors Inc. boosted its stake in ExlService by 602.1% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 71,957 shares of the business services provider’s stock worth $3,168,000 after purchasing an additional 61,708 shares in the last quarter. M&G PLC acquired a new stake in ExlService in the 3rd quarter worth approximately $12,527,000. Finally, CWM LLC grew its position in ExlService by 261.5% during the 3rd quarter. CWM LLC now owns 74,164 shares of the business services provider’s stock worth $3,265,000 after purchasing an additional 53,651 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird set a $35.00 price target on shares of ExlService in a research note on Wednesday, February 25th. Stifel Nicolaus dropped their price objective on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. TD Cowen reduced their target price on ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a research 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 MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and an average price target of $43.60.

ExlService Stock Performance

EXLS opened at $29.88 on Tuesday. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.32. ExlService Holdings, Inc. has a 12-month low of $26.94 and a 12-month high of $48.79. The firm has a 50 day moving average of $35.16 and a two-hundred day moving average of $39.33. The firm has a market capitalization of $4.67 billion, a PE ratio of 19.40, a P/E/G ratio of 1.33 and a beta of 0.91.

Insider Activity

In related news, EVP Ajay Ayyappan sold 8,114 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction 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 $2,275,992.95. This trade represents a 13.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 11,586 shares of company stock worth $449,725 over the last three months. Company 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.