West Tower Group LLC Sells 19,000 Shares of ExlService Holdings, Inc. $EXLS

West Tower Group LLC cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 68.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,700 shares of the business services provider’s stock after selling 19,000 shares during the quarter. ExlService accounts for approximately 0.8% of West Tower Group LLC’s holdings, making the stock its 24th largest position. West Tower Group LLC’s holdings in ExlService were worth $265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. True Wealth Design LLC lifted its holdings in shares of ExlService by 57.2% during the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 257 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of ExlService by 56.2% during the 4th quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 258 shares during the last quarter. Fifth Third Bancorp lifted its position in ExlService by 15.0% during the fourth quarter. Fifth Third Bancorp now owns 1,982 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 259 shares during the period. Composition Wealth LLC boosted its holdings in ExlService by 1.6% in the fourth quarter. Composition Wealth LLC now owns 20,230 shares of the business services provider’s stock worth $859,000 after purchasing an additional 314 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in 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 purchasing an additional 318 shares during the period. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the topic of a number of research reports. Weiss Ratings downgraded ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 30th. TD Cowen reaffirmed a “buy” rating on shares of ExlService in a research report on Wednesday, June 17th. JPMorgan Chase & Co. boosted their target price on shares of ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Barrington Research reiterated an “outperform” rating and issued a $40.00 price target on shares of ExlService in a research report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and an average target price of $41.50.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $27.84 on Wednesday. The stock has a market cap of $4.25 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.14 and a beta of 0.84. ExlService Holdings, Inc. has a 1 year low of $24.85 and a 1 year high of $47.11. The firm has a fifty day moving average price of $28.59 and a 200-day moving average price of $32.64. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

ExlService (NASDAQ:EXLS) last issued 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. The company had revenue of $570.35 million during 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%. ExlService’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Equities analysts anticipate that ExlService Holdings, Inc. will post 1.8 earnings per share for the current fiscal year.

ExlService declared that its board has approved a stock repurchase plan on Tuesday, March 17th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 5,093 shares of ExlService stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total transaction of $148,257.23. Following the sale, the executive vice president owned 48,994 shares in the company, valued at $1,426,215.34. This trade represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $30.22, for a total transaction of $362,640.00. Following the completion of the transaction, the insider directly owned 153,295 shares in the company, valued at $4,632,574.90. This trade represents a 7.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is currently owned by company insiders.

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.