Tandem Investment Advisors Inc. Sells 262 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Tandem Investment Advisors Inc. lowered its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,742 shares of the business services provider’s stock after selling 262 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in ExlService were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

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

ExlService Stock Performance

Shares of EXLS stock opened at $50.43 on Friday. The firm’s 50 day moving average is $47.75 and its 200 day moving average is $42.60. The stock has a market capitalization of $8.11 billion, a P/E ratio of 44.24, a PEG ratio of 2.13 and a beta of 1.03. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction dated 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 directly owns 40,986 shares in the company, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.