Hsbc Holdings PLC Trims Stake in ExlService Holdings, Inc. $EXLS

Hsbc Holdings PLC reduced its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 54.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 205,651 shares of the business services provider’s stock after selling 246,273 shares during the period. Hsbc Holdings PLC’s holdings in ExlService were worth $8,767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC boosted its position in shares of ExlService by 109.7% during the fourth quarter. AQR Capital Management LLC now owns 4,118,625 shares of the business services provider’s stock valued at $174,794,000 after purchasing an additional 2,154,652 shares in the last quarter. Amundi bought a new position in ExlService in the third quarter worth $67,862,000. Jane Street Group LLC lifted its position in ExlService by 534.2% during the second 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 during the period. Qube Research & Technologies Ltd increased 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 worth $38,644,000 after acquiring an additional 862,284 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its position 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 during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EXLS shares. Weiss Ratings cut shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 30th. TD Cowen reiterated a “buy” rating on shares of ExlService in a report on Wednesday, June 17th. Barrington Research reissued an “outperform” rating and issued a $40.00 price target on shares of ExlService in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised their price objective on ExlService from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 5,093 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total transaction of $148,257.23. Following the sale, the executive vice president directly owned 48,994 shares in the company, valued at approximately $1,426,215.34. This trade 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. Also, insider Vikas Bhalla sold 12,000 shares of ExlService 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 sale, 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. 3.66% of the stock is owned by insiders.

ExlService Stock Performance

Shares of EXLS stock opened at $27.38 on Thursday. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.17 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. ExlService Holdings, Inc. has a one year low of $24.85 and a one year high of $47.11. The company’s 50-day moving average is $28.53 and its 200 day moving average is $32.53.

ExlService (NASDAQ:EXLS) last issued 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. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The firm had revenue of $570.35 million for the quarter, compared to the consensus estimate of $557.67 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.8 EPS for the current fiscal year.

ExlService declared that its board has authorized 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 repurchase up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

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.