Quantinno Capital Management LP Has $12.07 Million Holdings in ExlService Holdings, Inc. $EXLS

Quantinno Capital Management LP increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 716.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 396,438 shares of the business services provider’s stock after purchasing an additional 347,906 shares during the period. Quantinno Capital Management LP’s holdings in ExlService were worth $12,072,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EXLS. JPMorgan Chase & Co. boosted its stake in ExlService by 9.5% during the fourth quarter. JPMorgan Chase & Co. now owns 5,927,793 shares of the business services provider’s stock worth $251,576,000 after buying an additional 514,911 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of ExlService by 109.7% in the 4th quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider’s stock valued at $174,794,000 after buying an additional 2,154,652 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of ExlService by 10.7% during the 4th quarter. Handelsbanken Fonder AB now owns 3,781,036 shares of the business services provider’s stock worth $160,467,000 after acquiring an additional 364,146 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of ExlService by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,902,412 shares of the business services provider’s stock valued at $123,181,000 after acquiring an additional 32,734 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of ExlService by 71.7% during the 3rd quarter. Squarepoint Ops LLC now owns 1,689,373 shares of the business services provider’s stock valued at $74,383,000 after acquiring an additional 705,509 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on EXLS shares. Barrington Research set a $43.00 price target on shares of ExlService in a research report on Thursday. Weiss Ratings downgraded ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. Robert W. Baird set a $45.00 price objective on ExlService and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, TD Cowen restated a “buy” rating and set a $39.00 target price (down from $45.00) on shares of ExlService in a research report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 5,093 shares of ExlService stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total value of $148,257.23. Following the completion of the sale, the executive vice president directly owned 48,994 shares in the company, valued at $1,426,215.34. This trade represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of ExlService stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $30.22, for a total transaction of $362,640.00. Following the sale, the insider owned 153,295 shares of the company’s stock, valued at approximately $4,632,574.90. This represents a 7.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is owned by corporate insiders.

ExlService Stock Performance

ExlService stock opened at $34.24 on Tuesday. ExlService Holdings, Inc. has a 52 week low of $24.85 and a 52 week high of $45.08. The business’s fifty day moving average is $28.41 and its two-hundred day moving average is $30.85. The firm has a market cap of $5.19 billion, a P/E ratio of 21.53, a P/E/G ratio of 1.37 and a beta of 0.80.

ExlService Profile

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.