Barclays PLC Acquires 448,477 Shares of ExlService Holdings, Inc. $EXLS

Barclays PLC increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 351.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 576,203 shares of the business services provider’s stock after purchasing an additional 448,477 shares during the period. Barclays PLC owned approximately 0.36% of ExlService worth $25,370,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its holdings in shares of ExlService by 207.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 49,961 shares of the business services provider’s stock valued at $2,200,000 after buying an additional 33,702 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of ExlService in the third quarter worth about $293,000. Elo Mutual Pension Insurance Co grew its position in shares of ExlService by 98.6% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 61,303 shares of the business services provider’s stock worth $2,699,000 after buying an additional 30,436 shares during the last quarter. Journey Strategic Wealth LLC increased its position in ExlService by 7.9% during 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 period. Finally, Foyston Gordon & Payne Inc purchased a new position in shares of ExlService during the third quarter valued at about $2,996,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 8,114 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total value of $345,088.42. Following the completion of the transaction, the executive vice president directly owned 53,515 shares of the company’s stock, valued at approximately $2,275,992.95. This trade represents a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 11,586 shares of company stock worth $449,725. 4.04% of the stock is currently owned by corporate insiders.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $30.56 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.56 and a current ratio of 2.56. The company has a market cap of $4.78 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.38 and a beta of 0.91. ExlService Holdings, Inc. has a 52-week low of $26.94 and a 52-week high of $48.79. The firm’s fifty day moving average is $35.89 and its two-hundred day moving average is $39.65.

Analysts Set New Price Targets

EXLS has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective (down from $55.00) on shares of ExlService in a report on Wednesday, February 25th. Weiss Ratings restated a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Robert W. Baird set a $35.00 target price on shares of ExlService in a research note on Wednesday, February 25th. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, TD Cowen dropped their price objective on shares of ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.60.

ExlService Company 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.