Allspring Global Investments Holdings LLC Has $2.70 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Allspring Global Investments Holdings LLC lowered its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,817 shares of the business services provider’s stock after selling 3,925 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ExlService were worth $2,702,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EXLS. Azzad Asset Management Inc. ADV lifted its position in ExlService by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after buying an additional 261 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of ExlService by 3.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after buying an additional 291 shares during the period. V Square Quantitative Management LLC grew its position in shares of ExlService by 5.2% in the second quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 349 shares during the last quarter. Choreo LLC grew its holdings in ExlService by 3.2% in the 1st quarter. Choreo LLC now owns 11,456 shares of the business services provider’s stock valued at $364,000 after buying an additional 350 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after acquiring an additional 375 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on EXLS shares. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of ExlService in a report on Friday, August 2nd. Robert W. Baird raised their price objective on shares of ExlService from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. Citigroup upped their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.86.

Insiders Place Their Bets

In related news, CEO Rohit Kapoor sold 35,000 shares of ExlService stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the sale, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Vikas Bhalla sold 11,190 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $34.25, for a total transaction of $383,257.50. Following the transaction, the insider now directly owns 100,866 shares of the company’s stock, valued at approximately $3,454,660.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,875 shares of company stock valued at $4,716,859 in the last quarter. 3.75% of the stock is currently owned by insiders.

ExlService Price Performance

EXLS opened at $39.02 on Wednesday. ExlService Holdings, Inc. has a 12 month low of $25.34 and a 12 month high of $40.77. The company has a fifty day simple moving average of $37.52 and a 200 day simple moving average of $33.55. The stock has a market cap of $6.54 billion, a P/E ratio of 36.13, a P/E/G ratio of 2.07 and a beta of 1.00. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The company had revenue of $448.40 million during the quarter, compared to analysts’ expectations of $444.61 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts expect that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

ExlService Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.