California State Teachers Retirement System increased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 24.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,097 shares of the business services provider's stock after acquiring an additional 36,552 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of ExlService worth $5,758,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in ExlService by 277.7% in the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider's stock valued at $821,000 after acquiring an additional 12,781 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in ExlService by 4.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider's stock valued at $23,486,000 after purchasing an additional 19,769 shares during the last quarter. Jane Street Group LLC bought a new position in ExlService during the first quarter valued at $10,084,000. EverSource Wealth Advisors LLC increased its position in ExlService by 575.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider's stock worth $126,000 after buying an additional 2,456 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in ExlService in the second quarter worth $1,704,000. Institutional investors own 92.92% of the company's stock.
Insider Buying and Selling
In related news, EVP Ajay Ayyappan sold 5,093 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 11,000 shares of ExlService stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $34.99, for a total value of $384,890.00. Following the sale, the insider directly owned 130,295 shares of the company's stock, valued at $4,559,022.05. This represents a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,093 shares of company stock worth $895,787 in the last ninety days. 3.66% of the stock is currently owned by insiders.
ExlService Trading Up 2.9%
Shares of ExlService stock opened at $34.66 on Friday. The company's 50-day moving average price is $28.73 and its 200-day moving average price is $30.68. ExlService Holdings, Inc. has a 12-month low of $24.85 and a 12-month high of $45.08. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.35 and a beta of 0.80.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on EXLS shares. Needham & Company LLC upped their price target on ExlService from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Weiss Ratings lowered ExlService from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, June 30th. Robert W. Baird set a $45.00 price objective on ExlService and gave the company an "outperform" rating in a research note on Thursday, July 30th. TD Cowen reaffirmed a "buy" rating and set a $39.00 price objective (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. increased their target price 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. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.50.
View Our Latest Report on EXLS
ExlService Profile
(
Free Report)
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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