Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) by 91.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,495 shares of the business services provider’s stock after buying an additional 22,175 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in ExlService were worth $1,916,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in EXLS. AQR Capital Management LLC raised its stake in shares of ExlService by 540.4% in the 3rd quarter. AQR Capital Management LLC now owns 1,963,973 shares of the business services provider’s stock valued at $86,474,000 after buying an additional 1,657,317 shares in the last quarter. Amundi acquired a new position in shares of ExlService in the 3rd quarter valued at $67,862,000. Jane Street Group LLC raised its stake in shares of ExlService by 534.2% in the 2nd quarter. Jane Street Group LLC now owns 1,354,599 shares of the business services provider’s stock valued at $59,318,000 after buying an additional 1,141,008 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of ExlService by 4,269.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 882,480 shares of the business services provider’s stock valued at $38,644,000 after buying an additional 862,284 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its stake in shares of ExlService by 451.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 975,894 shares of the business services provider’s stock valued at $42,969,000 after buying an additional 798,831 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.
Insider Buying and Selling at ExlService
In other news, EVP Ajay Ayyappan sold 1,197 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $29.79, for a total value of $35,658.63. Following the sale, the executive vice president owned 53,901 shares of the company’s stock, valued at approximately $1,605,710.79. This represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.04% of the company’s stock.
ExlService Stock Down 2.9%
ExlService (NASDAQ:EXLS – Get Free Report) last posted its earnings results on Tuesday, April 28th. The business services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The business had revenue of $570.35 million for the quarter, compared to analyst estimates of $557.67 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.79 EPS for the current fiscal year.
ExlService announced that its Board of Directors has approved a share repurchase program on Tuesday, March 17th that authorizes the company to buyback $125.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on EXLS shares. Weiss Ratings cut shares of ExlService from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective (down from $55.00) on shares of ExlService in a research note on Wednesday, February 25th. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Robert W. Baird set a $35.00 price objective on shares of ExlService in a research note on Wednesday, February 25th. Finally, Stifel Nicolaus dropped their price objective on shares of ExlService from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.50.
View Our Latest Analysis on EXLS
ExlService Profile
ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.
Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.
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