JPMorgan Chase & Co. Purchases 23,073 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

JPMorgan Chase & Co. increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLSGet Rating) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 598,203 shares of the business services provider’s stock after buying an additional 23,073 shares during the period. JPMorgan Chase & Co. owned 1.81% of ExlService worth $88,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mutual of America Capital Management LLC lifted its position in ExlService by 16.5% during the second quarter. Mutual of America Capital Management LLC now owns 5,591 shares of the business services provider’s stock valued at $824,000 after purchasing an additional 792 shares during the period. Principal Financial Group Inc. grew its stake in shares of ExlService by 42.6% in the 2nd quarter. Principal Financial Group Inc. now owns 645,851 shares of the business services provider’s stock worth $95,153,000 after buying an additional 192,980 shares in the last quarter. Shell Asset Management Co. grew its stake in shares of ExlService by 21.6% in the 2nd quarter. Shell Asset Management Co. now owns 4,143 shares of the business services provider’s stock worth $610,000 after buying an additional 737 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of ExlService during the 2nd quarter worth about $224,000. Finally, Texas Permanent School Fund lifted its holdings in ExlService by 1.9% during the 2nd quarter. Texas Permanent School Fund now owns 24,060 shares of the business services provider’s stock valued at $3,545,000 after buying an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Insider Transactions at ExlService

In other news, EVP Vikas Bhalla sold 3,896 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $182.50, for a total transaction of $711,020.00. Following the completion of the sale, the executive vice president now directly owns 9,379 shares of the company’s stock, valued at approximately $1,711,667.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Vikas Bhalla sold 3,896 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $182.50, for a total transaction of $711,020.00. Following the transaction, the executive vice president now owns 9,379 shares of the company’s stock, valued at approximately $1,711,667.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Clyde W. Ostler sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $183.08, for a total value of $549,240.00. Following the completion of the sale, the director now directly owns 19,261 shares in the company, valued at approximately $3,526,303.88. The disclosure for this sale can be found here. Company insiders own 3.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on EXLS shares. Citigroup upped their price objective on shares of ExlService from $140.00 to $145.00 in a report on Friday, October 28th. Needham & Company LLC increased their target price on ExlService from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, October 28th. Cowen increased their target price on ExlService to $175.00 in a research report on Tuesday, November 1st. Cowen increased their price target on ExlService from $155.00 to $170.00 in a research note on Friday, July 29th. Finally, StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.57.

ExlService Stock Up 0.9 %

EXLS opened at $186.41 on Wednesday. ExlService Holdings, Inc. has a fifty-two week low of $112.14 and a fifty-two week high of $191.18. The business has a 50-day moving average of $169.16 and a 200-day moving average of $158.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market capitalization of $6.16 billion, a PE ratio of 45.25, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01.

ExlService Profile

(Get Rating)

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. It operates through Insurance, Healthcare, Analytics, and Emerging Business segments. The company provides digital operations and solutions and analytics-driven services across the insurance industry in areas, 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.

Further Reading

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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