JPMorgan Chase & Co. Decreases Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Posted by Defense World Staff on Jun 7th, 2023

JPMorgan Chase & Co. lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 530,466 shares of the business services provider’s stock after selling 100,555 shares during the quarter. JPMorgan Chase & Co. owned 1.60% of ExlService worth $89,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC raised its position in ExlService by 56.0% in the 3rd 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 period. Bank of Montreal Can increased its position in shares of ExlService by 1.2% in the fourth quarter. Bank of Montreal Can now owns 5,297 shares of the business services provider’s stock valued at $942,000 after acquiring an additional 65 shares during the period. Ellevest Inc. increased its position in shares of ExlService by 37.3% in the fourth quarter. Ellevest Inc. now owns 254 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 69 shares during the period. Eaton Vance Management increased its position in shares of ExlService by 0.3% in the third quarter. Eaton Vance Management now owns 27,716 shares of the business services provider’s stock valued at $4,085,000 after acquiring an additional 86 shares during the period. Finally, State of Michigan Retirement System increased its position in shares of ExlService by 1.2% in the fourth quarter. State of Michigan Retirement System now owns 8,400 shares of the business services provider’s stock valued at $1,423,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 95.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EXLS shares. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of ExlService in a research report on Friday, March 3rd. StockNews.com assumed coverage on shares of ExlService in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, Citigroup upgraded shares of ExlService from a “sell” rating to a “neutral” rating and set a $160.00 price target on the stock in a research report on Wednesday, March 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $180.00.

Insider Buying and Selling

In related news, Director Clyde W. Ostler sold 1,402 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $178.11, for a total transaction of $249,710.22. Following the sale, the director now owns 15,843 shares of the company’s stock, valued at $2,821,796.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Maurizio Nicolelli bought 750 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were purchased at an average price of $151.79 per share, for a total transaction of $113,842.50. Following the completion of the purchase, the chief financial officer now owns 16,382 shares in the company, valued at approximately $2,486,623.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Clyde W. Ostler sold 1,402 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $178.11, for a total transaction of $249,710.22. Following the completion of the transaction, the director now owns 15,843 shares in the company, valued at approximately $2,821,796.73. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by insiders.

ExlService Trading Up 1.8 %

NASDAQ:EXLS opened at $153.74 on Wednesday. ExlService Holdings, Inc. has a one year low of $133.56 and a one year high of $191.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 2.02. The company’s 50-day simple moving average is $159.99 and its 200 day simple moving average is $166.48. The firm has a market capitalization of $5.11 billion, a P/E ratio of 32.92, a PEG ratio of 1.81 and a beta of 1.01.

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.