BNP Paribas Financial Markets Buys 371,383 Shares of ExlService Holdings, Inc. $EXLS

BNP Paribas Financial Markets raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 65.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 935,783 shares of the business services provider’s stock after purchasing an additional 371,383 shares during the quarter. BNP Paribas Financial Markets’ holdings in ExlService were worth $39,715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. True Wealth Design LLC increased its holdings in shares of ExlService by 57.2% in the 4th quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after buying an additional 257 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of ExlService by 56.2% in the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after buying an additional 258 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of ExlService by 15.0% in the 4th quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock worth $84,000 after buying an additional 259 shares during the last quarter. Composition Wealth LLC increased its holdings in shares of ExlService by 1.6% in the 4th quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider’s stock worth $859,000 after buying an additional 314 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of ExlService by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,274 shares of the business services provider’s stock worth $2,390,000 after buying an additional 318 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $35.00 target price on shares of ExlService in a report on Wednesday, February 25th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price (down from $55.00) on shares of ExlService in a report on Wednesday, February 25th. Barrington Research set a $40.00 target price on shares of ExlService and gave the stock an “outperform” rating in a report on Thursday, April 30th. TD Cowen reduced their target price on shares of ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Stifel Nicolaus reduced their target price on shares of ExlService from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.50.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 5,093 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total transaction of $148,257.23. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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

Shares of NASDAQ:EXLS opened at $29.45 on Thursday. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.25 and a beta of 0.82. ExlService Holdings, Inc. has a 12 month low of $26.82 and a 12 month high of $48.54. The firm’s 50-day moving average is $30.17 and its 200 day moving average is $34.79. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $570.35 million for the quarter, compared to the consensus estimate of $557.67 million. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Research analysts predict that ExlService Holdings, Inc. will post 1.79 EPS for the current year.

ExlService declared that its Board of Directors has approved a stock repurchase plan on Tuesday, March 17th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.