2Xideas AG Has $6.23 Million Stock Holdings in ExlService Holdings, Inc. $EXLS

2Xideas AG reduced its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 17.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,444 shares of the business services provider’s stock after selling 29,719 shares during the quarter. ExlService accounts for about 1.3% of 2Xideas AG’s holdings, making the stock its 23rd biggest position. 2Xideas AG owned approximately 0.09% of ExlService worth $6,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXLS. Mather Group LLC. bought a new position in ExlService during the 3rd quarter valued at $25,000. CENTRAL TRUST Co grew its position in ExlService by 2,428.0% in the 3rd quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock worth $28,000 after purchasing an additional 607 shares in the last quarter. First Horizon Corp purchased a new stake in ExlService in the 3rd quarter valued at about $32,000. Farther Finance Advisors LLC lifted its position in shares of ExlService by 533.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock worth $35,000 after buying an additional 667 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of ExlService in the 2nd quarter worth approximately $43,000. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 1,197 shares of the business’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 completion of the transaction, the executive vice president owned 53,901 shares of the company’s stock, valued at $1,605,710.79. The trade was a 2.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 11,586 shares of company stock worth $449,725 in the last three months. Insiders own 4.04% of the company’s stock.

ExlService Price Performance

NASDAQ:EXLS opened at $29.64 on Friday. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 19.25, a P/E/G ratio of 1.33 and a beta of 0.91. 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 stock has a fifty day moving average of $35.40 and a 200 day moving average of $39.48. ExlService Holdings, Inc. has a 52-week low of $26.94 and a 52-week high of $48.79.

Wall Street Analyst Weigh In

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