Aviva PLC Has $1.41 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Posted by Defense World Staff on Feb 27th, 2023

Aviva PLC cut its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 34.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,581 shares of the business services provider’s stock after selling 4,963 shares during the period. Aviva PLC’s holdings in ExlService were worth $1,412,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in shares of ExlService during the 3rd quarter worth about $232,000. MetLife Investment Management LLC increased its stake in shares of ExlService by 33.0% during the 3rd quarter. MetLife Investment Management LLC now owns 22,335 shares of the business services provider’s stock worth $3,291,000 after purchasing an additional 5,539 shares during the last quarter. Credit Suisse AG increased its stake in shares of ExlService by 0.9% during the 3rd quarter. Credit Suisse AG now owns 48,223 shares of the business services provider’s stock worth $7,106,000 after purchasing an additional 413 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of ExlService by 358.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 642 shares of the business services provider’s stock worth $95,000 after purchasing an additional 502 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in ExlService in the 3rd quarter valued at about $1,770,000. 95.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ExlService

In other ExlService news, EVP Nalin Kumar Miglani sold 2,750 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $173.69, for a total value of $477,647.50. Following the completion of the sale, the executive vice president now owns 4,294 shares of the company’s stock, valued at approximately $745,824.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Nalin Kumar Miglani sold 2,750 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $173.69, for a total transaction of $477,647.50. Following the completion of the sale, the executive vice president now owns 4,294 shares of the company’s stock, valued at approximately $745,824.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Ajay Ayyappan sold 764 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $169.66, for a total transaction of $129,620.24. Following the sale, the senior vice president now directly owns 5,369 shares of the company’s stock, valued at approximately $910,904.54. The disclosure for this sale can be found here. Insiders sold 8,479 shares of company stock valued at $1,449,848 in the last quarter. Company insiders own 3.51% of the company’s stock.

ExlService Stock Performance

NASDAQ EXLS opened at $168.45 on Monday. The company has a quick ratio of 2.02, a current ratio of 2.20 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5.57 billion, a P/E ratio of 39.82, a P/E/G ratio of 1.87 and a beta of 1.02. ExlService Holdings, Inc. has a 12-month low of $114.82 and a 12-month high of $191.18. The firm has a 50-day moving average price of $171.06 and a two-hundred day moving average price of $171.87.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Wednesday, February 22nd. Cowen upped their price target on shares of ExlService to $175.00 in a research note on Tuesday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of ExlService in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of ExlService from $190.00 to $195.00 in a research note on Thursday, December 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.71.

ExlService Profile

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ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.