Aberdeen Group plc Acquires 89,194 Shares of ExlService Holdings, Inc. $EXLS

Aberdeen Group plc lifted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 18.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 562,437 shares of the business services provider’s stock after acquiring an additional 89,194 shares during the period. Aberdeen Group plc’s holdings in ExlService were worth $23,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. bought a new stake in ExlService in the 3rd quarter valued at about $25,000. CENTRAL TRUST Co raised its holdings in ExlService by 2,428.0% in the 3rd quarter. CENTRAL TRUST Co now owns 632 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 607 shares in the last quarter. True Wealth Design LLC lifted its position in shares of ExlService by 57.2% during the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 257 shares during the period. First Horizon Corp acquired a new stake in ExlService during the third quarter worth about $32,000. Finally, Farther Finance Advisors LLC increased its holdings in ExlService by 533.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 792 shares of the business services provider’s stock valued at $35,000 after buying an additional 667 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $30.94 on Monday. The company has a market capitalization of $4.84 billion, a PE ratio of 20.09, a P/E/G ratio of 1.39 and a beta of 0.89. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.32. ExlService Holdings, Inc. has a twelve month low of $26.94 and a twelve month high of $48.79. The firm has a fifty day simple moving average of $31.83 and a 200 day simple moving average of $38.04.

ExlService declared that its board has initiated a share buyback plan on Tuesday, March 17th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 2.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at ExlService

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EXLS shares. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Needham & Company LLC reiterated 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. Stifel Nicolaus lowered their target price on ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. TD Cowen cut their target price on shares of ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ExlService in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.