ExlService Holdings, Inc. $EXLS Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 83.2% in the fourth quarter, HoldingsChannel reports. The firm owned 59,936 shares of the business services provider’s stock after selling 296,778 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ExlService were worth $2,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXLS. AQR Capital Management LLC boosted its position in ExlService by 540.4% during 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 purchasing an additional 1,657,317 shares during the period. Amundi acquired a new position in ExlService during the 3rd quarter valued at approximately $67,862,000. Jane Street Group LLC boosted its position in ExlService by 534.2% during 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 purchasing an additional 1,141,008 shares during the period. Qube Research & Technologies Ltd boosted its position in ExlService by 4,269.6% during 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 purchasing an additional 862,284 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in ExlService by 451.2% during 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 acquiring an additional 798,831 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 5,093 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total value of $148,257.23. Following the sale, the executive vice president owned 48,994 shares of the company’s stock, valued at approximately $1,426,215.34. The trade was a 9.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.04% of the company’s stock.

ExlService Price Performance

EXLS opened at $29.51 on Monday. ExlService Holdings, Inc. has a one year low of $26.82 and a one year high of $48.54. 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’s fifty day moving average is $30.33 and its 200-day moving average is $35.36. The company has a market capitalization of $4.51 billion, a PE ratio of 18.80, a P/E/G ratio of 1.25 and a beta of 0.87.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. ExlService had a return on equity of 28.50% and a net margin of 11.66%.The company had revenue of $570.35 million for the quarter, compared to the consensus estimate of $557.67 million. During the same quarter in the previous year, the business earned $0.48 EPS. The company’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. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.79 EPS for the current fiscal year.

ExlService announced that its board has approved a share buyback program on Tuesday, March 17th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

EXLS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. TD Cowen cut their target price on ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barrington Research set a $40.00 target price on ExlService and gave the company an “outperform” rating in a research note on Thursday, April 30th. Robert W. Baird set a $35.00 target price on ExlService in a research note on Wednesday, February 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price (down from $55.00) on shares of ExlService in a research note on Wednesday, February 25th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

ExlService Company 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.