Algert Global LLC Has $15.89 Million Stake in ExlService Holdings, Inc. $EXLS

Algert Global LLC increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 170.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,775 shares of the business services provider’s stock after purchasing an additional 227,483 shares during the quarter. Algert Global LLC owned about 0.23% of ExlService worth $15,885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new position in ExlService during the 3rd quarter worth $25,000. CENTRAL TRUST Co boosted 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 valued at $28,000 after buying an additional 607 shares during the last quarter. First Horizon Corp acquired a new stake in shares of ExlService in the 3rd quarter valued at $32,000. Farther Finance Advisors LLC raised its position in shares of ExlService by 533.6% during the third quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock worth $35,000 after acquiring an additional 667 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of ExlService during the second quarter worth $43,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Performance

Shares of EXLS opened at $29.64 on Friday. The firm has a market cap of $4.64 billion, a P/E ratio of 19.25, a PEG ratio of 1.33 and a beta of 0.91. ExlService Holdings, Inc. has a twelve month low of $26.94 and a twelve month high of $48.79. 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’s 50 day moving average price is $35.40 and its two-hundred day moving average price is $39.46.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EXLS. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target (down from $55.00) on shares of ExlService in a report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. TD Cowen reduced their target price on shares of ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Robert W. Baird set a $35.00 price target on shares of ExlService in a research report on Wednesday, February 25th. Finally, Stifel Nicolaus dropped 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.com, the company has an average rating of “Moderate Buy” and an average target price of $43.60.

Insiders Place Their Bets

In related news, EVP Ajay Ayyappan sold 8,114 shares of the company’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 represents a 13.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 11,586 shares of company stock valued at $449,725. 4.04% of the stock is currently owned by corporate insiders.

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.