Fiera Capital Corp Has $34.75 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Fiera Capital Corp reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 782,949 shares of the business services provider’s stock after selling 17,814 shares during the period. Fiera Capital Corp’s holdings in ExlService were worth $34,747,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in EXLS. Van ECK Associates Corp lifted its position in ExlService by 31.0% during the 4th quarter. Van ECK Associates Corp now owns 141,884 shares of the business services provider’s stock worth $6,297,000 after acquiring an additional 33,589 shares during the last quarter. Values First Advisors Inc. acquired a new position in shares of ExlService during the 4th quarter worth about $192,000. Allspring Global Investments Holdings LLC boosted its stake in ExlService by 39.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 99,025 shares of the business services provider’s stock valued at $4,392,000 after purchasing an additional 28,208 shares during the period. Tevis Investment Management acquired a new stake in ExlService in the 4th quarter valued at approximately $356,000. Finally, Empowered Funds LLC bought a new position in ExlService in the 4th quarter worth approximately $204,000. Institutional investors own 92.92% of the company’s stock.

Insider Activity

In other news, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the sale, the director now owns 14,580 shares of the company’s stock, valued at $642,249. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,584 shares of company stock worth $1,669,964. Company insiders own 4.16% of the company’s stock.

Analyst Ratings Changes

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

ExlService Stock Performance

NASDAQ EXLS opened at $51.41 on Friday. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $8.27 billion, a P/E ratio of 45.10, a PEG ratio of 2.17 and a beta of 1.03. The company’s 50-day simple moving average is $47.18 and its 200 day simple moving average is $41.95.

ExlService Company 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.