ExlService Holdings, Inc. $EXLS Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 356,714 shares of the business services provider’s stock after selling 41,679 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.22% of ExlService worth $15,706,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Securian Asset Management Inc. raised its position in shares of ExlService by 1.9% during the 2nd quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock worth $543,000 after purchasing an additional 228 shares during the period. Huntington National Bank grew its stake in ExlService by 14.4% during the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after buying an additional 246 shares during the last quarter. Blue Trust Inc. lifted its stake in ExlService by 6.9% in the second quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock valued at $171,000 after buying an additional 254 shares during the last quarter. Jennison Associates LLC lifted its stake in ExlService by 1.5% in the second quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock valued at $853,000 after buying an additional 288 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its holdings in shares of ExlService by 0.5% during the third quarter. Campbell Newman Asset Management Inc. now owns 79,500 shares of the business services provider’s stock valued at $3,500,000 after acquiring an additional 378 shares during the period. Institutional investors own 92.92% of the company’s stock.

Insider Activity

In related news, EVP Ajay Ayyappan sold 8,114 shares of the business’s 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 sale, the executive vice president directly owned 53,515 shares in the company, valued at $2,275,992.95. The trade was a 13.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vikas Bhalla sold 11,774 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the sale, the insider directly owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This represents a 9.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. TD Cowen reduced their price objective on ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Finally, Wall Street Zen lowered ExlService from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.00.

ExlService Stock Performance

EXLS opened at $32.34 on Wednesday. The business has a 50 day moving average price of $41.49 and a two-hundred day moving average price of $41.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.91. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.60 and a beta of 0.88. ExlService Holdings, Inc. has a 1-year low of $32.09 and a 1-year high of $52.43.

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.