Trust Point Inc. Boosts Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Trust Point Inc. boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,179 shares of the business services provider’s stock after purchasing an additional 1,029 shares during the quarter. Trust Point Inc.’s holdings in ExlService were worth $1,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXLS. Creative Planning grew its position in shares of ExlService by 26.0% in the 2nd quarter. Creative Planning now owns 21,913 shares of the business services provider’s stock worth $687,000 after acquiring an additional 4,517 shares in the last quarter. Truist Financial Corp acquired a new position in shares of ExlService in the 2nd quarter worth approximately $334,000. Sanctuary Advisors LLC acquired a new position in shares of ExlService in the 2nd quarter worth approximately $299,000. Park Avenue Securities LLC acquired a new position in shares of ExlService in the 3rd quarter worth approximately $209,000. Finally, Handelsbanken Fonder AB grew its position in shares of ExlService by 1,216.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider’s stock worth $20,231,000 after acquiring an additional 490,000 shares in the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s 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 transaction, the director now directly owns 14,580 shares of the company’s stock, valued at approximately $642,249. This trade represents a 20.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the completion of the transaction, the chief executive officer now directly owns 689,645 shares of the company’s stock, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 217,398 shares of company stock worth $10,089,385 over the last three months. Corporate insiders own 4.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EXLS shares. Robert W. Baird boosted their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Sunday. Citigroup lifted their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $50.95 on Tuesday. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $51.10. 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 stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 2.10 and a beta of 1.03. The business has a 50-day moving average of $46.50 and a 200-day moving average of $41.17.

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.