Kestra Investment Management LLC Acquires Shares of 582 ExlService Holdings, Inc. (NASDAQ:EXLS)

Kestra Investment Management LLC purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the fourth quarter, Holdings Channel.com reports. The fund purchased 582 shares of the business services provider’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXLS. Chartwell Investment Partners LLC lifted 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 valued at $1,196,000 after purchasing an additional 254 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of ExlService by 17.6% during the 4th 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 in the last quarter. Dakota Wealth Management lifted its stake in shares of ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock valued at $288,000 after buying an additional 311 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in ExlService by 2.3% in the 3rd 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 period. Finally, Pathstone Holdings LLC grew its stake in ExlService by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider’s stock valued at $1,906,000 after buying an additional 405 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Insiders Place Their Bets

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now 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 document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 4,989 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the transaction, the executive vice president now owns 40,986 shares in the company, valued at $2,077,990.20. This trade represents a 10.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,928 shares of company stock valued at $1,762,344 in the last quarter. Corporate insiders own 4.16% of the company’s stock.

ExlService Stock Performance

Shares of EXLS opened at $48.00 on Friday. 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 stock has a 50-day moving average price of $47.79 and a 200-day moving average price of $42.76. The company has a market cap of $7.72 billion, a PE ratio of 42.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43.

Wall Street Analyst Weigh In

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