EULAV Asset Management Boosts Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

EULAV Asset Management increased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 545,065 shares of the business services provider’s stock after acquiring an additional 4,000 shares during the period. EULAV Asset Management owned approximately 0.34% of ExlService worth $24,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EXLS. Chartwell Investment Partners LLC grew its holdings in ExlService by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after purchasing an additional 254 shares during the period. UMB Bank n.a. lifted its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after buying an additional 288 shares in the last quarter. Dakota Wealth Management grew its stake in ExlService by 5.0% in the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 311 shares during the period. 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. Finally, Quantinno Capital Management LP raised its position in ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock worth $597,000 after acquiring an additional 359 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXLS. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC lifted their price objective on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup increased their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Robert W. Baird lifted their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group increased their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Insider Buying and Selling at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the sale, the chief executive officer now owns 689,645 shares of the company’s stock, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s 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 completion of the transaction, the director now owns 14,580 shares in the company, valued at $642,249. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,398 shares of company stock worth $5,523,385 in the last three months. 4.16% of the stock is owned by corporate insiders.

ExlService Price Performance

EXLS stock opened at $51.40 on Friday. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $52.43. The firm has a market capitalization of $8.27 billion, a PE ratio of 45.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. 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 business has a 50 day simple moving average of $46.78 and a 200-day simple moving average of $41.43.

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.