Danske Bank A S reduced its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) by 99.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,300 shares of the business services provider’s stock after selling 243,998 shares during the period. Danske Bank A S’s holdings in ExlService were worth $55,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of EXLS. Mather Group LLC. acquired a new stake in ExlService in the third quarter valued at about $25,000. CENTRAL TRUST Co raised its position in shares of ExlService by 2,428.0% during the third 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 grew its stake in ExlService by 57.2% during the fourth 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. Private Trust Co. NA grew its stake in ExlService by 56.2% during the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after purchasing an additional 258 shares during the period. Finally, First Horizon Corp acquired a new stake in ExlService in the third quarter valued at approximately $32,000. 92.92% of the stock is owned by institutional investors and hedge funds.
ExlService Stock Performance
ExlService stock opened at $31.34 on Friday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $4.79 billion, a P/E ratio of 19.96, a PEG ratio of 1.31 and a beta of 0.87. The stock’s 50 day moving average is $30.85 and its 200 day moving average is $36.26. ExlService Holdings, Inc. has a twelve month low of $26.94 and a twelve month high of $48.54.
ExlService announced that its Board of Directors has approved a stock repurchase plan on Tuesday, March 17th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
Insider Buying and Selling
In other ExlService news, EVP Ajay Ayyappan sold 1,197 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $29.79, for a total transaction of $35,658.63. Following the sale, the executive vice president directly owned 53,901 shares in the company, valued at approximately $1,605,710.79. This trade represents a 2.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.04% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Robert W. Baird set a $35.00 target price on ExlService in a research note on Wednesday, February 25th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. Stifel Nicolaus reduced their target price on ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, TD Cowen cut their price objective on ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.50.
Read Our Latest Research Report on EXLS
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.
See Also
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