Handelsbanken Fonder AB Reduces Stake in ExlService Holdings, Inc. $EXLS

Handelsbanken Fonder AB lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 39.4% in the second quarter, HoldingsChannel reports. The firm owned 1,644,092 shares of the business services provider’s stock after selling 1,068,264 shares during the period. Handelsbanken Fonder AB’s holdings in ExlService were worth $42,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXLS. Transamerica Financial Advisors LLC increased its position in shares of ExlService by 285.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock worth $29,000 after purchasing an additional 502 shares during the last quarter. Private Trust Co. NA increased its stake in ExlService by 56.2% during the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after buying an additional 258 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of ExlService during the fourth quarter worth $33,000. Hantz Financial Services Inc. increased its holdings in ExlService by 183.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock worth $57,000 after purchasing an additional 875 shares during the period. Finally, Leonteq Securities AG purchased a new stake in shares of ExlService during the fourth quarter worth approximately $59,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Trading Down 0.5%

Shares of NASDAQ EXLS opened at $34.90 on Wednesday. The company’s 50-day moving average price is $29.04 and its 200 day moving average price is $30.52. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 1.41 and a beta of 0.80. ExlService Holdings, Inc. has a 52 week low of $24.85 and a 52 week high of $45.08.

Insider Buying and Selling at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 5,093 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total transaction of $148,257.23. Following the completion of the transaction, the executive vice president owned 48,994 shares of the company’s stock, valued at approximately $1,426,215.34. This trade represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.22, for a total value of $362,640.00. Following the completion of the transaction, the insider directly owned 153,295 shares of the company’s stock, valued at approximately $4,632,574.90. This trade represents a 7.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,093 shares of company stock valued at $895,787 in the last three months. 3.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on EXLS. Barrington Research set a $43.00 price target on ExlService in a research note on Thursday, July 30th. Needham & Company LLC increased their price target on shares of ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Weiss Ratings cut ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. TD Cowen reaffirmed a “buy” rating and issued a $39.00 target price (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

ExlService Company 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.