Congress Asset Management Co. Increases Stock Position in ExlService Holdings, Inc. $EXLS

Congress Asset Management Co. lifted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 495,041 shares of the business services provider’s stock after buying an additional 56,508 shares during the period. Congress Asset Management Co. owned approximately 0.31% of ExlService worth $21,010,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mather Group LLC. purchased a new stake in ExlService during the third quarter valued at about $25,000. CENTRAL TRUST Co raised its holdings in shares of 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 purchasing an additional 607 shares during the period. True Wealth Design LLC raised its holdings in shares of 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 purchasing an additional 257 shares during the period. First Horizon Corp acquired a new position in shares of ExlService in the 3rd quarter valued at about $32,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of ExlService by 533.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock worth $35,000 after purchasing an additional 667 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXLS has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a research report on Thursday, January 22nd. TD Cowen reduced their price target on shares of ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective (down from $55.00) on shares of ExlService in a research note on Wednesday, February 25th. Robert W. Baird set a $35.00 price objective on shares of ExlService in a research report on Wednesday, February 25th. Finally, Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.60.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 1,197 shares of ExlService stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $29.79, for a total transaction of $35,658.63. Following the sale, the executive vice president owned 53,901 shares in the company, valued at $1,605,710.79. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 11,586 shares of company stock valued at $449,725 over the last three months. 4.04% of the stock is owned by company insiders.

ExlService Price Performance

EXLS stock opened at $30.30 on Wednesday. The firm has a market cap of $4.74 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.39 and a beta of 0.91. 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 Holdings, Inc. has a 1 year low of $26.94 and a 1 year high of $48.79. The stock has a 50-day simple moving average of $33.76 and a 200-day simple moving average of $38.77.

ExlService announced that its board has authorized a share buyback plan on Tuesday, March 17th that permits the company to buyback $125.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 2.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management 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.