M&G PLC Buys New Position in ExlService Holdings, Inc. $EXLS

M&G PLC purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 284,707 shares of the business services provider’s stock, valued at approximately $12,527,000.

Several other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of ExlService by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,412,882 shares of the business services provider’s stock worth $238,331,000 after acquiring an additional 68,398 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in ExlService by 0.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 52,674 shares of the business services provider’s stock worth $2,319,000 after purchasing an additional 367 shares in the last quarter. PNC Financial Services Group Inc. grew its position in ExlService by 9.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 11,062 shares of the business services provider’s stock worth $487,000 after purchasing an additional 983 shares in the last quarter. HighTower Advisors LLC increased its stake in ExlService by 14.9% in the 3rd quarter. HighTower Advisors LLC now owns 77,919 shares of the business services provider’s stock valued at $3,431,000 after buying an additional 10,087 shares during the last quarter. Finally, Aberdeen Group plc lifted its position in shares of ExlService by 0.3% during the 3rd quarter. Aberdeen Group plc now owns 473,243 shares of the business services provider’s stock worth $20,837,000 after buying an additional 1,228 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Cowen decreased their price target on ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c+)” rating on shares of ExlService in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Four equities research analysts have rated the stock with a Buy rating and one has given 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 $53.00.

ExlService Stock Performance

Shares of EXLS opened at $30.04 on Tuesday. ExlService Holdings, Inc. has a 1 year low of $28.62 and a 1 year high of $52.07. 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 stock’s fifty day moving average price is $39.83 and its two-hundred day moving average price is $41.06. The firm has a market cap of $4.77 billion, a PE ratio of 20.44, a PEG ratio of 1.21 and a beta of 0.89.

Insider Activity

In related news, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total value of $470,842.26. Following the completion of the transaction, the insider directly owned 115,272 shares of the company’s stock, valued at approximately $4,609,727.28. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 8,114 shares of ExlService stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total transaction of $345,088.42. Following the completion of the transaction, the executive vice president owned 53,515 shares of the company’s stock, valued at $2,275,992.95. This represents a 13.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.04% of the stock is owned by corporate insiders.

ExlService 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.