Caitlin John LLC bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,131 shares of the business services provider’s stock, valued at approximately $443,000.
Other institutional investors also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC grew its stake in shares of ExlService by 285.2% in the fourth 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 in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of ExlService by 183.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 875 shares during the period. Leonteq Securities AG bought a new stake in shares of ExlService during the fourth quarter valued at about $59,000. Cache Advisors LLC bought a new stake in shares of ExlService during the first quarter valued at about $69,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in ExlService by 63.4% in the third quarter. CIBC Private Wealth Group LLC now owns 1,583 shares of the business services provider’s stock worth $70,000 after purchasing an additional 614 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.
ExlService Stock Up 1.8%
Shares of ExlService stock opened at $38.18 on Friday. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 1.51 and a beta of 0.80. The business has a fifty day simple moving average of $30.88 and a 200-day simple moving average of $30.40. ExlService Holdings, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $45.08.
Insiders Place Their Bets
In other news, insider Vikas Bhalla sold 11,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $34.99, for a total transaction of $384,890.00. Following the completion of the transaction, the insider owned 130,295 shares in the company, valued at approximately $4,559,022.05. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on EXLS shares. JPMorgan Chase & Co. increased their target price on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of ExlService from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Barrington Research set a $43.00 price target on shares of ExlService in a research note on Thursday, July 30th. Robert W. Baird set a $45.00 price objective on shares of ExlService and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, TD Cowen reiterated a “buy” rating and set a $45.00 price objective (up from $43.00) on shares of ExlService in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.
Read Our Latest Stock Report on EXLS
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.
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