Assetmark Inc. Sells 24,240 Shares of ExlService Holdings, Inc. $EXLS

Assetmark Inc. lowered its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 88.4% in the second quarter, Holdings Channel reports. The institutional investor owned 3,194 shares of the business services provider’s stock after selling 24,240 shares during the period. Assetmark Inc.’s holdings in ExlService were worth $140,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Whittier Trust Co. acquired a new stake in ExlService in the 1st quarter worth about $45,000. Strategic Investment Solutions Inc. IL bought a new position in shares of ExlService during the first quarter worth approximately $77,000. Morse Asset Management Inc increased its holdings in shares of ExlService by 51.8% during the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after purchasing an additional 575 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of 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 in the last quarter. Finally, Vestcor Inc bought a new stake in shares of ExlService in the first quarter valued at approximately $106,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EXLS shares. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. dropped their price target on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Finally, Weiss Ratings cut shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

ExlService Stock Up 2.0%

Shares of NASDAQ EXLS opened at $39.54 on Monday. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.77 and a beta of 0.90. The company has a current ratio of 2.91, a quick ratio of 3.15 and a debt-to-equity ratio of 0.43. ExlService Holdings, Inc. has a 12 month low of $37.30 and a 12 month high of $52.43. The stock has a 50-day moving average price of $42.08 and a two-hundred day moving average price of $43.77.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $529.59 million during the quarter, compared to the consensus estimate of $522.35 million. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following the sale, the insider owned 127,046 shares in the company, valued at $5,559,532.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.04% of the stock is currently owned by company insiders.

ExlService 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.