Fort Washington Investment Advisors Inc. OH Increases Stock Holdings in ExlService Holdings, Inc. $EXLS

Fort Washington Investment Advisors Inc. OH raised its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 18.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 693,008 shares of the business services provider’s stock after purchasing an additional 108,398 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.44% of ExlService worth $29,411,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Congress Asset Management Co. boosted its stake in shares of ExlService by 12.9% during the 4th quarter. Congress Asset Management Co. now owns 495,041 shares of the business services provider’s stock valued at $21,010,000 after purchasing an additional 56,508 shares in the last quarter. True Wealth Design LLC raised its stake in ExlService by 57.2% in the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after buying an additional 257 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in ExlService by 56.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,368 shares of the business services provider’s stock worth $1,890,000 after buying an additional 15,936 shares during the period. Nordea Investment Management AB purchased a new stake in ExlService in the fourth quarter worth about $23,570,000. Finally, GAMMA Investing LLC boosted its position in ExlService by 19.5% during the 4th quarter. GAMMA Investing LLC now owns 3,944 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 643 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXLS has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price (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 research note on Thursday, January 22nd. Robert W. Baird set a $35.00 price target on ExlService in a research note on Wednesday, February 25th. TD Cowen decreased their price objective on ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.60.

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 1,197 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $29.79, for a total value of $35,658.63. Following the sale, the executive vice president directly owned 53,901 shares of the company’s stock, valued at approximately $1,605,710.79. The trade was a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 11,586 shares of company stock valued at $449,725 over the last 90 days. Insiders own 4.04% of the company’s stock.

ExlService Stock Performance

Shares of EXLS opened at $29.84 on Friday. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.32. The stock has a market cap of $4.67 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.37 and a beta of 0.91. The business’s 50 day moving average price is $33.01 and its 200-day moving average price is $38.55. ExlService Holdings, Inc. has a 52 week low of $26.94 and a 52 week high of $48.79.

ExlService declared that its board has initiated a stock repurchase program on Tuesday, March 17th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.