Bessemer Group Inc. Purchases 21,801 Shares of ExlService Holdings, Inc. $EXLS

Bessemer Group Inc. grew its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 698,998 shares of the business services provider’s stock after acquiring an additional 21,801 shares during the quarter. Bessemer Group Inc. owned about 0.44% of ExlService worth $30,777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Invesco Ltd. lifted its position in ExlService by 193.6% during the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock valued at $203,437,000 after purchasing an additional 3,063,510 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of ExlService during the 2nd quarter valued at about $60,415,000. Jane Street Group LLC raised its position in shares of ExlService by 534.2% during the 2nd quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock valued at $59,318,000 after buying an additional 1,141,008 shares in the last quarter. Norges Bank bought a new position in shares of ExlService in the 2nd quarter valued at about $44,020,000. Finally, Qube Research & Technologies Ltd grew its position in ExlService by 4,269.6% in the second quarter. Qube Research & Technologies Ltd now owns 882,480 shares of the business services provider’s stock worth $38,644,000 after acquiring an additional 862,284 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Price Performance

EXLS opened at $31.20 on Friday. The business has a fifty day moving average of $41.17 and a 200 day moving average of $41.68. The stock has a market cap of $4.95 billion, a P/E ratio of 21.22, a PEG ratio of 1.31 and a beta of 0.88. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. ExlService Holdings, Inc. has a 52-week low of $31.01 and a 52-week high of $52.43.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EXLS. TD Cowen lowered their price objective on ExlService from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c+)” rating on shares of ExlService in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Insider Activity

In other ExlService news, EVP Ajay Ayyappan sold 8,114 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $42.53, for a total value of $345,088.42. Following the transaction, the executive vice president directly owned 53,515 shares in the company, valued at $2,275,992.95. This represents a 13.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vikas Bhalla sold 11,774 shares of ExlService stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the sale, the insider directly owned 115,272 shares of the company’s stock, valued at $4,609,727.28. This represents a 9.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.04% of the company’s stock.

About ExlService

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.