Caitong International Asset Management Co. Ltd Decreases Stock Position in ExlService Holdings, Inc. $EXLS

Caitong International Asset Management Co. Ltd cut its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 61.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 704 shares of the business services provider’s stock after selling 1,099 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in ExlService were worth $31,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in ExlService by 48.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider’s stock valued at $7,028,000 after purchasing an additional 48,056 shares during the period. KBC Group NV boosted its holdings in ExlService by 13.4% in the first quarter. KBC Group NV now owns 7,466 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 883 shares during the period. GAMMA Investing LLC boosted its holdings in ExlService by 20.6% in the first quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider’s stock valued at $166,000 after purchasing an additional 599 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in ExlService by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider’s stock valued at $713,000 after purchasing an additional 286 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in ExlService by 51.8% in the first quarter. New York State Teachers Retirement System now owns 60,473 shares of the business services provider’s stock valued at $2,855,000 after purchasing an additional 20,636 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the sale, the insider directly owned 127,046 shares of the company’s stock, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. JPMorgan Chase & Co. decreased their price target on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.40.

ExlService Stock Down 0.3%

ExlService stock opened at $41.21 on Monday. ExlService Holdings, Inc. has a fifty-two week low of $38.36 and a fifty-two week high of $52.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. The company has a market capitalization of $6.66 billion, a P/E ratio of 28.62, a PEG ratio of 1.89 and a beta of 0.86. The stock has a 50-day simple moving average of $42.86 and a 200-day simple moving average of $44.12.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, beating 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 business had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. During the same period in the previous year, the business earned $0.40 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

About ExlService

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.