CSM Advisors LLC Takes $1.79 Million Position in ExlService Holdings, Inc. $EXLS

CSM Advisors LLC purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,705 shares of the business services provider’s stock, valued at approximately $1,791,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of ExlService in the 3rd quarter worth $25,000. CENTRAL TRUST Co increased its stake 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 valued at $28,000 after buying an additional 607 shares during the period. First Horizon Corp bought a new stake in shares of ExlService in the third quarter valued at about $32,000. Farther Finance Advisors LLC raised its holdings in shares of ExlService by 533.6% in the third quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 667 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in ExlService in the second quarter worth about $43,000. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

Shares of ExlService stock opened at $29.88 on Tuesday. The company has a market capitalization of $4.67 billion, a PE ratio of 19.40, a P/E/G ratio of 1.33 and a beta of 0.91. The company has a 50-day simple moving average of $35.16 and a two-hundred day simple moving average of $39.33. ExlService Holdings, Inc. has a one year low of $26.94 and a one year high of $48.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.56 and a current ratio of 2.56.

Insider Activity

In related news, EVP Ajay Ayyappan sold 8,114 shares of the business’s 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 in the company, valued at $2,275,992.95. The trade was a 13.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 11,586 shares of company stock valued at $449,725. 4.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EXLS. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Needham & Company LLC reaffirmed 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. Robert W. Baird set a $35.00 price objective on shares of ExlService in a research note on Wednesday, February 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. Finally, TD Cowen reduced their price objective on shares of ExlService from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.60.

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.