Allworth Financial LP Has $92,000 Holdings in ExlService Holdings, Inc. $EXLS

Key Points

• Allworth Financial LP cut its stake in ExlService by 95.2% in Q3, selling 41,521 shares and retaining 2,081 shares worth about $92,000.
• ExlService's Board approved a $125 million share repurchase program (up to ~2.7% of shares), a move that typically signals management views the stock as undervalued.
• Wall Street has a consensus rating of Moderate Buy with an average target of $43.60, although several firms have recently trimmed their price targets.

Allworth Financial LP trimmed its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 95.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,081 shares of the business services provider's stock after selling 41,521 shares during the quarter. Allworth Financial LP's holdings in ExlService were worth $92,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of EXLS. Mather Group LLC. bought a new position in shares of ExlService during the third quarter worth approximately $25,000. CENTRAL TRUST Co boosted its stake in shares of ExlService by 2,428.0% in 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 acquired a new stake in ExlService during the third quarter worth approximately $32,000. Farther Finance Advisors LLC grew its position in ExlService by 533.6% during the third quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider's stock worth $35,000 after buying an additional 667 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in ExlService during the 2nd quarter worth $43,000. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Performance

Shares of ExlService stock opened at $29.84 on Monday. The company's 50 day moving average price is $33.01 and its two-hundred day moving average price is $38.48. The firm has a market capitalization of $4.67 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.34 and a beta of 0.91. ExlService Holdings, Inc. has a fifty-two week low of $26.94 and a fifty-two week high of $48.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.56 and a quick ratio of 2.56.

ExlService declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 17th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Robert W. Baird set a $35.00 price objective on ExlService in a report on Wednesday, February 25th. TD Cowen dropped their price target on ExlService from $51.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Stifel Nicolaus reduced their price objective on shares of ExlService from $54.00 to $46.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Weiss Ratings reissued a "hold (c+)" rating on shares of ExlService in a report on Thursday, January 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target (down from $55.00) on shares of ExlService in a report on Wednesday, February 25th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.60.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 8,114 shares of the stock in a transaction on Tuesday, January 27th. The stock was 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 directly owned 53,515 shares in the company, valued at approximately $2,275,992.95. This represents a 13.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 11,586 shares of company stock valued at $449,725. 4.04% of the stock is currently owned by corporate insiders.

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.

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