Alberta Investment Management Corp Increases Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Alberta Investment Management Corp raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 286.6% during the fourth quarter, HoldingsChannel reports. The firm owned 113,440 shares of the business services provider’s stock after buying an additional 84,095 shares during the quarter. Alberta Investment Management Corp’s holdings in ExlService were worth $5,034,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Chartwell Investment Partners LLC increased its position in shares of ExlService by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after purchasing an additional 254 shares during the last quarter. UMB Bank n.a. grew its position in shares of ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after buying an additional 288 shares during the last quarter. Dakota Wealth Management grew its position in shares of ExlService by 5.0% in the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock valued at $288,000 after buying an additional 311 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of ExlService by 2.3% in the 3rd quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock valued at $597,000 after buying an additional 359 shares during the last quarter. Finally, Pathstone Holdings LLC grew its position in shares of ExlService by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider’s stock valued at $1,906,000 after buying an additional 405 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Up 1.5 %

Shares of NASDAQ:EXLS opened at $51.79 on Thursday. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The stock has a market cap of $8.33 billion, a P/E ratio of 45.43, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a fifty day moving average price of $47.66 and a 200 day moving average price of $42.54.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Needham & Company LLC increased their target price on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Robert W. Baird increased their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group increased their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.00.

Insider Transactions at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,110,779. This trade represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.16% of the company’s stock.

ExlService Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.