Envestnet Asset Management Inc. Purchases 37,432 Shares of ExlService Holdings, Inc. $EXLS

Envestnet Asset Management Inc. raised its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 621,086 shares of the business services provider’s stock after acquiring an additional 37,432 shares during the quarter. Envestnet Asset Management Inc. owned about 0.39% of ExlService worth $27,346,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of ExlService by 77.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,088 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 2,228 shares in the last quarter. AlphaQuest LLC lifted its stake in ExlService by 204.8% in the third quarter. AlphaQuest LLC now owns 75,637 shares of the business services provider’s stock valued at $3,330,000 after buying an additional 50,825 shares during the period. Arizona State Retirement System boosted its holdings in shares of ExlService by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 48,133 shares of the business services provider’s stock worth $2,119,000 after buying an additional 776 shares in the last quarter. Tandem Investment Advisors Inc. grew its position in shares of ExlService by 602.1% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 71,957 shares of the business services provider’s stock worth $3,168,000 after buying an additional 61,708 shares during the period. Finally, one8zero8 LLC grew its position in shares of ExlService by 0.9% during the 3rd quarter. one8zero8 LLC now owns 116,050 shares of the business services provider’s stock worth $5,110,000 after buying an additional 1,000 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EXLS shares. TD Cowen cut their target price on shares of ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.00.

Insider Transactions at ExlService

In related news, EVP Ajay Ayyappan sold 8,114 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the transaction, the executive vice president directly owned 53,515 shares in the company, valued at approximately $2,275,992.95. The trade was a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the sale, the insider owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This trade represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.04% of the stock is owned by company insiders.

ExlService Trading Down 1.9%

Shares of ExlService stock opened at $29.69 on Friday. The company has a market capitalization of $4.71 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. The stock has a fifty day simple moving average of $40.24 and a 200 day simple moving average of $41.26. ExlService Holdings, Inc. has a 12-month low of $28.62 and a 12-month high of $52.07. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.43.

ExlService Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.