Cwm LLC Sells 25,919 Shares of ExlService Holdings, Inc. $EXLS

Cwm LLC lowered its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 34.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,245 shares of the business services provider’s stock after selling 25,919 shares during the period. Cwm LLC’s holdings in ExlService were worth $2,048,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EXLS. Mather Group LLC. purchased a new position in shares of ExlService during the 3rd quarter valued at $25,000. CENTRAL TRUST Co increased its holdings 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 acquiring an additional 607 shares during the last quarter. True Wealth Design LLC increased its holdings in ExlService by 57.2% in the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after acquiring an additional 257 shares during the last quarter. First Horizon Corp bought a new stake in ExlService in the 3rd quarter valued at about $32,000. Finally, V Square Quantitative Management LLC purchased a new stake in ExlService during the fourth quarter valued at about $33,000. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXLS. Robert W. Baird set a $35.00 target price on shares of ExlService in a research report on Wednesday, February 25th. TD Cowen dropped their price target 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. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExlService in a research note on Thursday, January 22nd. Finally, Stifel Nicolaus lowered their target price on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, ExlService currently has a consensus rating of “Moderate Buy” and an average price target of $43.60.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 1,197 shares of the firm’s stock in a transaction 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 directly owned 53,901 shares of the company’s stock, valued at $1,605,710.79. This trade represents a 2.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 11,586 shares of company stock worth $449,725. Corporate insiders own 4.04% of the company’s stock.

ExlService Stock Down 0.5%

EXLS stock opened at $30.40 on Friday. The stock has a 50-day simple moving average of $30.68 and a two-hundred day simple moving average of $36.81. ExlService Holdings, Inc. has a twelve month low of $26.94 and a twelve month high of $48.79. The firm has a market capitalization of $4.75 billion, a PE ratio of 19.74, a PEG ratio of 1.38 and a beta of 0.89. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.32.

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

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.