Hsbc Holdings PLC increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) by 21.0% during the first quarter, HoldingsChannel.com reports. The fund owned 248,802 shares of the business services provider’s stock after acquiring an additional 43,151 shares during the period. Hsbc Holdings PLC’s holdings in ExlService were worth $7,614,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of EXLS. Empowered Funds LLC boosted its holdings in ExlService by 277.7% in the 1st quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock valued at $821,000 after purchasing an additional 12,781 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of ExlService by 4.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 497,474 shares of the business services provider’s stock valued at $23,486,000 after purchasing an additional 19,769 shares in the last quarter. Jane Street Group LLC bought a new position in shares of ExlService in the first quarter worth $10,084,000. EverSource Wealth Advisors LLC increased its holdings in shares of ExlService by 575.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider’s stock worth $126,000 after purchasing an additional 2,456 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of ExlService in the second quarter worth $1,704,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on EXLS shares. Weiss Ratings lowered ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 30th. Barrington Research restated an “outperform” rating and issued a $40.00 target price on shares of ExlService in a research note on Thursday, June 25th. TD Cowen reaffirmed a “buy” rating and issued a $39.00 price target (down from $45.00) on shares of ExlService in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.50.
Insider Activity
In other news, EVP Ajay Ayyappan sold 5,093 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total value of $148,257.23. Following the completion of the transaction, the executive vice president directly owned 48,994 shares in the company, valued at approximately $1,426,215.34. This represents a 9.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $30.22, for a total value of $362,640.00. Following the completion of the transaction, the insider owned 153,295 shares of the company’s stock, valued at $4,632,574.90. The trade was a 7.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.
ExlService Stock Performance
ExlService stock opened at $26.88 on Friday. The firm’s fifty day moving average price is $27.97 and its 200-day moving average price is $31.35. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market cap of $4.11 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.13 and a beta of 0.84. ExlService Holdings, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $47.11.
ExlService (NASDAQ:EXLS – Get Free Report) last announced its earnings results on Tuesday, April 28th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $570.35 million during the quarter, compared to analyst estimates of $557.67 million. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. On average, equities research analysts expect that ExlService Holdings, Inc. will post 1.8 earnings per share for the current fiscal year.
About ExlService
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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