Arrowstreet Capital Limited Partnership Makes New Investment in ExlService Holdings, Inc. $EXLS

Key Points

• Arrowstreet Capital initiated a position in ExlService Holdings by purchasing 166,741 shares valued at approximately $5.1 million, representing about 0.11% of the company. Institutional investors and hedge funds collectively own 92.92% of EXLS.
• Analyst sentiment remains broadly positive: six analysts rate EXLS a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $43.50.
• EXLS shares opened at $33.93, compared with a 12-month range of $24.85 to $45.08. Two company insiders recently sold shares under pre-arranged Rule 10b5-1 trading plans, while insiders collectively own 3.66% of the stock.

Arrowstreet Capital Limited Partnership purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 166,741 shares of the business services provider's stock, valued at approximately $5,077,000. Arrowstreet Capital Limited Partnership owned approximately 0.11% of ExlService as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in shares of ExlService by 109.7% during the 4th quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider's stock worth $174,794,000 after buying an additional 2,154,652 shares during the last quarter. Amundi bought a new stake in ExlService during the third quarter worth about $67,862,000. Jane Street Group LLC boosted its position in ExlService by 534.2% during the second quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider's stock valued at $59,318,000 after purchasing an additional 1,141,008 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in ExlService by 4,269.6% in the second quarter. Qube Research & Technologies Ltd now owns 882,480 shares of the business services provider's stock valued at $38,644,000 after purchasing an additional 862,284 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of ExlService by 916.1% during the 3rd quarter. Voloridge Investment Management LLC now owns 834,252 shares of the business services provider's stock worth $36,732,000 after purchasing an additional 752,148 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EXLS. Robert W. Baird set a $45.00 price objective on ExlService and gave the stock an "outperform" rating in a research note on Thursday. Weiss Ratings cut shares of ExlService from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, June 30th. TD Cowen restated a "buy" rating and set a $39.00 target price (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on shares of ExlService from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Finally, Needham & Company LLC increased their price target on shares of ExlService from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.50.

ExlService Stock Performance

Shares of EXLS opened at $33.93 on Monday. ExlService Holdings, Inc. has a 12 month low of $24.85 and a 12 month high of $45.08. The firm's 50 day moving average is $28.32 and its 200-day moving average is $30.91. The stock has a market capitalization of $5.14 billion, a PE ratio of 21.34, a P/E/G ratio of 1.37 and a beta of 0.80.

Insider Buying and Selling

In related news, insider Vikas Bhalla sold 12,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $30.22, for a total transaction of $362,640.00. Following the sale, the insider owned 153,295 shares of the company's stock, valued at $4,632,574.90. This represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $148,257.23. Following the transaction, the executive vice president owned 48,994 shares in the company, valued at approximately $1,426,215.34. This trade represents a 9.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.66% 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.

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