Allspring Global Investments Holdings LLC Grows Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Allspring Global Investments Holdings LLC boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,554 shares of the business services provider’s stock after acquiring an additional 858 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ExlService were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EXLS. RiverPark Advisors LLC boosted its stake in shares of ExlService by 65.2% during the fourth quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 503 shares during the period. Public Employees Retirement System of Ohio boosted its position in ExlService by 439.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock valued at $29,000 after buying an additional 857 shares during the period. FinTrust Capital Advisors LLC bought a new stake in ExlService in the 3rd quarter worth $29,000. Operose Advisors LLC purchased a new position in shares of ExlService in the third quarter valued at about $38,000. Finally, Fifth Third Bancorp raised its stake in shares of ExlService by 944.3% during the third quarter. Fifth Third Bancorp now owns 1,556 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 1,407 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the transaction, the executive vice president now owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the sale, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total value of $748,677.60. Following the completion of the transaction, the executive vice president now directly owns 127,046 shares of the company’s stock, valued at approximately $4,003,219.46. The disclosure for this sale can be found here. Company insiders own 3.75% of the company’s stock.

ExlService Price Performance

Shares of EXLS stock opened at $29.59 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.53 and a beta of 0.97. The business’s fifty day moving average is $30.72 and its 200 day moving average is $29.82. ExlService Holdings, Inc. has a twelve month low of $25.17 and a twelve month high of $35.94.

ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). ExlService had a return on equity of 22.83% and a net margin of 11.32%. The business had revenue of $414.06 million during the quarter, compared to analysts’ expectations of $408.56 million. Research analysts expect that ExlService Holdings, Inc. will post 1.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXLS. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, March 1st. StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. TD Cowen lifted their price target on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, Citigroup decreased their price objective on shares of ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a report on Monday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $36.14.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.