KLP Kapitalforvaltning AS Has $1.95 Million Stock Holdings in ExlService Holdings, Inc. $EXLS

KLP Kapitalforvaltning AS increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 19.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,600 shares of the business services provider’s stock after acquiring an additional 7,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in ExlService were worth $1,953,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. acquired a new position in ExlService in the first quarter valued at about $45,000. Strategic Investment Solutions Inc. IL acquired a new position in ExlService in the first quarter valued at about $77,000. Morse Asset Management Inc lifted its stake in ExlService by 51.8% in the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock valued at $80,000 after buying an additional 575 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in ExlService by 25.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock valued at $85,000 after buying an additional 369 shares during the period. Finally, Fifth Third Bancorp lifted its stake in ExlService by 35.2% in the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider’s stock valued at $101,000 after buying an additional 555 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Down 1.8%

Shares of ExlService stock opened at $41.25 on Monday. ExlService Holdings, Inc. has a 1 year low of $38.36 and a 1 year high of $52.43. The business has a 50-day moving average of $43.19 and a two-hundred day moving average of $44.41. The company has a market capitalization of $6.66 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.89 and a beta of 0.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The company had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. During the same period in the prior year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EXLS shares. Weiss Ratings reissued a “buy (b-)” rating on shares of ExlService in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.33.

Insider Activity

In related news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following the completion of the transaction, the insider directly owned 127,046 shares in the company, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.04% of the company’s stock.

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.