Livforsakringsbolaget Skandia Omsesidigt Acquires New Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 56,500 shares of the business services provider's stock, valued at approximately $2,507,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Chartwell Investment Partners LLC raised its stake in shares of 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 acquiring an additional 254 shares in the last quarter. UMB Bank n.a. grew its stake in shares of ExlService by 17.6% during the fourth 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 during the last quarter. Dakota Wealth Management increased 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 worth $288,000 after purchasing an additional 311 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of ExlService by 5.0% during the third quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider's stock valued at $285,000 after purchasing an additional 359 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in shares of 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 purchasing an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Wall Street Analyst Weigh In

EXLS has been the subject of several research reports. Needham & Company LLC upped their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Robert W. Baird raised their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Jefferies Financial Group lifted their price objective on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Finally, Citigroup boosted their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.00.

Insider Transactions at ExlService

In related 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 value of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares of the company's stock, valued at $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 completion of the sale, the director now directly owns 14,580 shares of the company's stock, valued at $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.16% of the company's stock.

ExlService Stock Down 1.7 %

NASDAQ:EXLS traded down $0.88 during midday trading on Tuesday, reaching $50.63. 173,120 shares of the stock traded hands, compared to its average volume of 931,247. The business has a 50-day moving average of $46.98 and a two-hundred day moving average of $41.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43. The stock has a market capitalization of $8.15 billion, a PE ratio of 44.46, a price-to-earnings-growth ratio of 2.17 and a beta of 1.03.

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.