ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 39.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,025 shares of the business services provider's stock after buying an additional 28,208 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of ExlService worth $4,392,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. State Street Corp grew its holdings in ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider's stock worth $222,693,000 after acquiring an additional 59,196 shares during the period. Geneva Capital Management LLC grew its stake in shares of ExlService by 1.9% during the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider's stock worth $179,092,000 after purchasing an additional 87,592 shares during the period. Geode Capital Management LLC increased its holdings in shares of ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider's stock valued at $165,083,000 after purchasing an additional 149,856 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of ExlService by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider's stock valued at $104,810,000 after purchasing an additional 21,358 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ExlService by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider's stock valued at $82,448,000 after purchasing an additional 9,775 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Price Performance

ExlService stock traded down $2.43 during mid-day trading on Friday, hitting $48.00. 2,010,775 shares of the company were exchanged, compared to its average volume of 942,852. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43. The business's 50 day simple moving average is $47.75 and its two-hundred day simple moving average is $42.60. The company has a market capitalization of $7.72 billion, a P/E ratio of 42.11, a PEG ratio of 2.17 and a beta of 1.03.

Insider Buying and Selling

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. 4.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of research analyst reports. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. Jefferies Financial Group upped their price target on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Needham & Company LLC boosted their target price on ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Robert W. Baird upped their target price on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, ExlService currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

ExlService 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.