ExlService Holdings, Inc. $EXLS Shares Bought by West Tower Group LLC

West Tower Group LLC boosted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 13.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,700 shares of the business services provider’s stock after purchasing an additional 3,000 shares during the period. ExlService makes up approximately 2.3% of West Tower Group LLC’s portfolio, making the stock its 12th biggest holding. West Tower Group LLC’s holdings in ExlService were worth $1,082,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of ExlService by 20.6% in the first quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider’s stock worth $166,000 after buying an additional 599 shares during the last quarter. SG Americas Securities LLC purchased a new stake in ExlService in the 1st quarter worth approximately $346,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of ExlService by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider’s stock worth $713,000 after purchasing an additional 286 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of ExlService during the 1st quarter valued at approximately $102,000. Finally, QRG Capital Management Inc. lifted its stake in shares of ExlService by 3.7% in the 1st quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider’s stock valued at $742,000 after purchasing an additional 559 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on EXLS shares. Weiss Ratings restated a “buy (b-)” rating on shares of ExlService in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.40.

ExlService Stock Performance

EXLS opened at $40.34 on Monday. The firm’s fifty day simple moving average is $43.00 and its two-hundred day simple moving average is $44.18. ExlService Holdings, Inc. has a 52-week low of $38.36 and a 52-week high of $52.43. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.85 and a beta of 0.86. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24.

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

Insider Activity at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total value of $350,080.00. Following the transaction, the insider directly owned 127,046 shares in the company, valued at approximately $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.