Dimensional Fund Advisors LP Trims Stake in ExlService Holdings, Inc. $EXLS

Dimensional Fund Advisors LP lessened its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,869,678 shares of the business services provider’s stock after selling 41,653 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.81% of ExlService worth $126,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Ensign Peak Advisors Inc raised its holdings in ExlService by 72.5% in the second quarter. Ensign Peak Advisors Inc now owns 319,868 shares of the business services provider’s stock worth $14,007,000 after purchasing an additional 134,491 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of ExlService by 17.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 224,783 shares of the business services provider’s stock valued at $9,825,000 after buying an additional 33,067 shares in the last quarter. Tandem Investment Advisors Inc. boosted its holdings 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 valued at $3,168,000 after buying an additional 61,708 shares in the last quarter. M&G PLC purchased a new stake in shares of ExlService in the 3rd quarter worth about $12,527,000. Finally, Allworth Financial LP grew its position in shares of ExlService by 18,533.3% in the 2nd quarter. Allworth Financial LP now owns 43,602 shares of the business services provider’s stock worth $1,909,000 after buying an additional 43,368 shares during the period. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Down 0.6%

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 firm 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 fifty-two week low of $26.94 and a fifty-two week high of $48.79. The firm has a 50-day simple moving average of $35.89 and a two-hundred day simple moving average of $39.65.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 1,197 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $29.79, for a total transaction of $35,658.63. Following the sale, the executive vice president owned 53,901 shares in the company, valued at $1,605,710.79. This represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 11,586 shares of company stock worth $449,725 in the last 90 days. Corporate insiders own 4.04% of the company’s stock.

Wall Street Analyst Weigh In

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

About ExlService

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.