Allspring Global Investments Holdings LLC Raises Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Allspring Global Investments Holdings LLC boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 39.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,025 shares of the business services provider’s stock after purchasing an additional 28,208 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of ExlService worth $4,392,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Tevis Investment Management purchased a new position in ExlService in the 4th quarter valued at approximately $356,000. Empowered Funds LLC purchased a new position in ExlService in the 4th quarter valued at approximately $204,000. EULAV Asset Management increased its stake in ExlService by 0.7% in the 4th quarter. EULAV Asset Management now owns 545,065 shares of the business services provider’s stock valued at $24,190,000 after purchasing an additional 4,000 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in ExlService in the 4th quarter valued at approximately $2,507,000. Finally, GHP Investment Advisors Inc. increased its stake in ExlService by 3.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 193,084 shares of the business services provider’s stock valued at $8,569,000 after purchasing an additional 6,928 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EXLS shares. Jefferies Financial Group raised their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Needham & Company LLC increased their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird increased their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

ExlService Price Performance

EXLS stock opened at $50.43 on Friday. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43. The stock’s fifty day simple moving average is $47.75 and its 200-day simple moving average is $42.60. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 44.24, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03.

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.