Alberta Investment Management Corp Purchases 84,095 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Alberta Investment Management Corp lifted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 286.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,440 shares of the business services provider's stock after acquiring an additional 84,095 shares during the quarter. Alberta Investment Management Corp owned approximately 0.07% of ExlService worth $5,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of ExlService during the 4th quarter worth approximately $25,000. Kestra Investment Management LLC bought a new stake in ExlService in the 4th quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in ExlService in the 3rd quarter valued at $27,000. Huntington National Bank boosted its stake in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider's stock valued at $45,000 after purchasing an additional 1,131 shares during the period. Finally, USA Financial Formulas bought a new stake in ExlService in the 4th quarter valued at $58,000. 92.92% of the stock is currently owned by institutional investors.

ExlService Price Performance

NASDAQ EXLS traded down $2.33 during midday trading on Friday, hitting $48.11. The company had a trading volume of 1,064,079 shares, compared to its average volume of 912,140. The company has a market capitalization of $7.74 billion, a PE ratio of 42.19, a P/E/G ratio of 2.17 and a beta of 1.03. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $47.75 and a 200-day moving average price of $42.60. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43.

Insider Buying and Selling at ExlService

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Needham & Company LLC boosted their price target on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Robert W. Baird boosted their price target on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Finally, Jefferies Financial Group lifted their price objective on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.