Trust Point Inc. Boosts Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Trust Point Inc. raised its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 35,179 shares of the business services provider’s stock after purchasing an additional 1,029 shares during the period. Trust Point Inc.’s holdings in ExlService were worth $1,561,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Chartwell Investment Partners LLC increased its holdings in ExlService by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after acquiring an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in ExlService by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after acquiring an additional 261 shares in the last quarter. UMB Bank n.a. increased its holdings in ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after acquiring an additional 288 shares in the last quarter. Dakota Wealth Management increased its holdings in ExlService by 5.0% in the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock worth $288,000 after acquiring an additional 311 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in ExlService by 5.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider’s stock worth $285,000 after acquiring an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

Shares of EXLS stock opened at $50.95 on Tuesday. The stock’s fifty day simple moving average is $46.50 and its 200 day simple moving average is $41.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 2.10 and a beta of 1.03. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $51.10.

Insiders Place Their Bets

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now directly owns 14,580 shares of the company’s stock, valued at $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 217,398 shares of company stock valued at $10,089,385. 4.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on EXLS. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Needham & Company LLC raised their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Citigroup upped their price target on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Sunday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

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.