ExlService Holdings, Inc. $EXLS Shares Bought by Illinois Municipal Retirement Fund

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Illinois Municipal Retirement Fund increased its stake in ExlService Holdings, Inc. by 54.6% in the third quarter, bringing their total ownership to 98,355 shares valued at $4.33 million. While institutional investors now own 92.92% of the company, insiders Vikas Bhalla and Ajay Ayyappan sold shares, reducing their holdings. Analysts maintain a “Moderate Buy” rating with an average target price of $53.00, despite the stock trading near $30 and below its moving averages.

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