Bank of New York Mellon Corp increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,713 shares of the business services provider’s stock after buying an additional 25,295 shares during the quarter. Bank of New York Mellon Corp owned 1.11% of ExlService worth $54,041,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Signaturefd LLC boosted its position in ExlService by 56.0% in the third quarter. Signaturefd LLC now owns 170 shares of the business services provider’s stock worth $25,000 after purchasing an additional 61 shares during the last quarter. Ellevest Inc. purchased a new position in ExlService in the third quarter worth $27,000. Wipfli Financial Advisors LLC purchased a new position in ExlService in the third quarter worth $29,000. Meeder Asset Management Inc. boosted its position in ExlService by 32.4% in the second quarter. Meeder Asset Management Inc. now owns 294 shares of the business services provider’s stock worth $43,000 after purchasing an additional 72 shares during the last quarter. Finally, Ronald Blue Trust Inc. purchased a new position in ExlService in the second quarter worth $45,000. Institutional investors own 95.84% of the company’s stock.
Analyst Ratings Changes
Several research analysts have weighed in on EXLS shares. JPMorgan Chase & Co. boosted their price objective on ExlService from $190.00 to $195.00 in a research report on Thursday, December 15th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Thursday, March 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of ExlService in a research report on Friday, March 3rd. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $171.83.
ExlService Stock Down 2.5 %
Insider Activity at ExlService
In related news, EVP Nalin Kumar Miglani sold 2,750 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $173.69, for a total transaction of $477,647.50. Following the sale, the executive vice president now directly owns 4,294 shares in the company, valued at approximately $745,824.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Nalin Kumar Miglani sold 2,750 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $173.69, for a total transaction of $477,647.50. Following the sale, the executive vice president now directly owns 4,294 shares in the company, valued at approximately $745,824.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Clyde W. Ostler sold 1,466 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $169.76, for a total value of $248,868.16. Following the sale, the director now owns 17,245 shares in the company, valued at $2,927,511.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,479 shares of company stock worth $1,449,848. 3.51% of the stock is owned by company insiders.
ExlService Profile
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.
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