Allspring Global Investments Holdings LLC Has $2.70 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Allspring Global Investments Holdings LLC decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,817 shares of the business services provider’s stock after selling 3,925 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ExlService were worth $2,702,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 574 shares during the period. New Covenant Trust Company N.A. bought a new stake in shares of ExlService in the first quarter valued at about $30,000. Fidelis Capital Partners LLC bought a new stake in shares of ExlService in the first quarter valued at about $43,000. Headlands Technologies LLC grew its stake in shares of ExlService by 269.0% in the first quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 1,162 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in ExlService by 28.7% during the second quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after acquiring an additional 391 shares during the period. Institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

ExlService stock opened at $39.02 on Wednesday. The stock has a fifty day moving average of $37.52 and a 200-day moving average of $33.55. The stock has a market capitalization of $6.54 billion, a P/E ratio of 36.13, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45. ExlService Holdings, Inc. has a 52 week low of $25.34 and a 52 week high of $40.77.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. On average, sell-side analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 21,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the completion of the transaction, the executive vice president now directly owns 29,909 shares in the company, valued at approximately $1,028,271.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Ajay Ayyappan sold 21,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total transaction of $721,980.00. Following the sale, the executive vice president now directly owns 29,909 shares in the company, valued at approximately $1,028,271.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 11,190 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $34.25, for a total transaction of $383,257.50. Following the completion of the transaction, the insider now owns 100,866 shares of the company’s stock, valued at approximately $3,454,660.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,875 shares of company stock worth $4,716,859 over the last quarter. Corporate insiders own 3.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EXLS shares. Robert W. Baird increased their target price on shares of ExlService from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of ExlService in a report on Friday, August 2nd. Citigroup upped their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. raised their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.86.

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.