Crossmark Global Holdings Inc. Acquires 33,702 Shares of ExlService Holdings, Inc. $EXLS

Crossmark Global Holdings Inc. grew its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 207.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 49,961 shares of the business services provider’s stock after acquiring an additional 33,702 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ExlService were worth $2,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank raised its stake in ExlService by 14.4% during the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after acquiring an additional 246 shares in the last quarter. Blue Trust Inc. raised its stake in shares of ExlService by 6.8% during the third quarter. Blue Trust Inc. now owns 4,180 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 266 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in ExlService by 0.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 52,674 shares of the business services provider’s stock worth $2,319,000 after buying an additional 367 shares during the period. Campbell Newman Asset Management Inc. lifted its stake in shares of ExlService by 0.5% in the third quarter. Campbell Newman Asset Management Inc. now owns 79,500 shares of the business services provider’s stock worth $3,500,000 after acquiring an additional 378 shares during the period. Finally, Journey Strategic Wealth LLC boosted its stake in shares of ExlService by 7.9% in the 3rd quarter. Journey Strategic Wealth LLC now owns 5,880 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 431 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $32.51 on Monday. The stock has a market cap of $5.08 billion, a P/E ratio of 21.11, a P/E/G ratio of 1.40 and a beta of 0.91. ExlService Holdings, Inc. has a 12 month low of $26.94 and a 12 month high of $48.79. The company has a 50 day moving average of $36.59 and a 200 day moving average of $39.89. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

EXLS has been the topic of several research analyst reports. Stifel Nicolaus cut their target price on ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Robert W. Baird set a $35.00 price objective on ExlService in a research note on Wednesday, February 25th. Weiss Ratings restated a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and an average target price of $43.60.

Insider Activity

In related news, EVP Ajay Ayyappan sold 1,197 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $29.79, for a total value of $35,658.63. Following the transaction, the executive vice president directly owned 53,901 shares in the company, valued at approximately $1,605,710.79. This represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 11,586 shares of company stock worth $449,725. Company insiders own 4.04% of the company’s stock.

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.