Kestra Investment Management LLC Makes New $26,000 Investment in 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, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 582 shares of the business services provider’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chartwell Investment Partners LLC raised its holdings in ExlService by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after buying an additional 254 shares during the last quarter. UMB Bank n.a. increased its position in ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 288 shares during the period. Dakota Wealth Management raised its stake in shares of ExlService by 5.0% during the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 311 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of ExlService by 2.3% during 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 period. Finally, Pathstone Holdings LLC grew its stake in shares of 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 purchasing an additional 405 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at ExlService

In other ExlService news, 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 completion of the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,077,990.20. This trade represents a 10.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,928 shares of company stock worth $1,762,344. Corporate insiders own 4.16% of the company’s stock.

ExlService Stock Performance

Shares of ExlService stock opened at $48.00 on Friday. 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. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $52.43. The business has a 50 day moving average price of $47.79 and a 200-day moving average price of $42.76.

About ExlService

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.