Fort Washington Investment Advisors Inc. OH Purchases 108,398 Shares of ExlService Holdings, Inc. $EXLS

Fort Washington Investment Advisors Inc. OH grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 18.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 693,008 shares of the business services provider’s stock after purchasing an additional 108,398 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in ExlService were worth $29,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXLS. Empowered Funds LLC grew its holdings in shares of ExlService by 277.7% during the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock valued at $821,000 after buying an additional 12,781 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in ExlService by 4.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock worth $23,486,000 after acquiring an additional 19,769 shares during the last quarter. Jane Street Group LLC purchased a new position in ExlService in the 1st quarter worth approximately $10,084,000. Cetera Investment Advisers lifted its position in ExlService by 10.4% in the 2nd quarter. Cetera Investment Advisers now owns 24,664 shares of the business services provider’s stock valued at $1,080,000 after acquiring an additional 2,329 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in ExlService by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 334,195 shares of the business services provider’s stock valued at $14,634,000 after acquiring an additional 6,373 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Insider Activity

In other news, EVP Ajay Ayyappan sold 8,114 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $42.53, for a total value of $345,088.42. Following the transaction, the executive vice president directly owned 53,515 shares in the company, valued at $2,275,992.95. This trade represents a 13.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 11,586 shares of company stock valued at $449,725. Company insiders own 4.04% of the company’s stock.

ExlService Trading Down 1.7%

NASDAQ:EXLS opened at $29.84 on Friday. The company has a market cap of $4.67 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.37 and a beta of 0.91. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $33.01 and a two-hundred day simple moving average of $38.55. ExlService Holdings, Inc. has a 12 month low of $26.94 and a 12 month high of $48.79.

ExlService declared that its board has authorized a share repurchase plan on Tuesday, March 17th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have commented on EXLS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ExlService in a report on Thursday, January 22nd. TD Cowen lowered their price target on ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Stifel Nicolaus dropped their price objective on ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Robert W. Baird set a $35.00 price objective on ExlService in a report on Wednesday, February 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.60.

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.