28,522 Shares in ExlService Holdings, Inc. $EXLS Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 28,522 shares of the business services provider’s stock, valued at approximately $1,210,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in ExlService during the 3rd quarter worth $25,000. CENTRAL TRUST Co grew its stake in ExlService by 2,428.0% during the 3rd quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock worth $28,000 after buying an additional 607 shares during the last quarter. True Wealth Design LLC grew its stake in ExlService by 57.2% during the 4th 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 during the last quarter. Private Trust Co. NA grew its stake in ExlService by 56.2% during the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after buying an additional 258 shares during the last quarter. Finally, First Horizon Corp bought a new position in ExlService during the 3rd quarter worth $32,000. 92.92% of the stock is currently owned by institutional investors.

ExlService Trading Up 0.2%

NASDAQ:EXLS opened at $31.87 on Wednesday. ExlService Holdings, Inc. has a 1 year low of $26.94 and a 1 year high of $48.79. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.43 and a beta of 0.89. The business has a fifty day moving average of $30.63 and a 200-day moving average of $36.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.56 and a current ratio of 2.56.

ExlService declared that its board has initiated a stock repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $125.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on EXLS. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. TD Cowen decreased their target price 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 target price on shares of ExlService in a research report on Wednesday, February 25th. Finally, Stifel Nicolaus decreased their target price on shares of ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, ExlService presently has an average rating of “Moderate Buy” and a consensus price target of $43.60.

Insider Activity

In other news, EVP Ajay Ayyappan sold 8,114 shares of the stock in a transaction that occurred 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 in the company, valued at $2,275,992.95. This trade represents a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 11,586 shares of company stock valued at $449,725 over the last ninety days. Corporate insiders own 4.04% of the company’s stock.

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.