Handelsbanken Fonder AB Has $97.40 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Handelsbanken Fonder AB increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 313.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,194,690 shares of the business services provider's stock after purchasing an additional 1,664,400 shares during the period. Handelsbanken Fonder AB owned 1.36% of ExlService worth $97,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC raised its holdings in ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock worth $1,196,000 after purchasing an additional 254 shares in the last quarter. UMB Bank n.a. grew its position in ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after buying an additional 288 shares during the last quarter. Dakota Wealth Management grew its position in ExlService by 5.0% in the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after buying an additional 311 shares during the last quarter. Quantinno Capital Management LP grew its position in ExlService by 2.3% in the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after buying an additional 359 shares during the last quarter. Finally, Pathstone Holdings LLC grew its position in ExlService by 0.8% in the third quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider's stock worth $1,906,000 after buying an additional 405 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Jefferies Financial Group lifted their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Robert W. Baird lifted their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.00.

ExlService Trading Down 4.8 %

NASDAQ EXLS traded down $2.43 on Friday, hitting $48.00. 2,010,775 shares of the stock were exchanged, compared to its average volume of 942,852. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43. 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 company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 42.11, a P/E/G ratio of 2.17 and a beta of 1.03. The company's 50-day moving average price is $47.79 and its two-hundred day moving average price is $42.70.

Insider Activity

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the business's stock in a transaction 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 transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. The trade was a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay Ayyappan sold 4,989 shares of ExlService stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total transaction of $252,942.30. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company's stock, valued at approximately $2,077,990.20. The trade was a 10.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,928 shares of company stock worth $1,762,344 in the last ninety days. Corporate insiders own 4.16% of the company's stock.

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.