Corient Private Wealth LP bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 106,667 shares of the business services provider’s stock, valued at approximately $2,758,000.
A number of other large investors also recently made changes to their positions in the business. Empowered Funds LLC boosted its holdings in shares of ExlService by 277.7% during the first quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock worth $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 ExlService by 4.1% during the first 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 acquired a new position in ExlService in the 1st quarter valued at approximately $10,084,000. EverSource Wealth Advisors LLC lifted its position in ExlService by 575.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider’s stock worth $126,000 after buying an additional 2,456 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in ExlService in the 2nd quarter worth approximately $1,704,000. Institutional investors and hedge funds own 92.92% of the company’s stock.
Insider Activity at ExlService
In related news, insider Vikas Bhalla sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $30.22, for a total value of $362,640.00. Following the transaction, the insider directly owned 153,295 shares of the company’s stock, valued at approximately $4,632,574.90. This trade represents a 7.26% decrease in their position. The sale was disclosed in a legal 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 3.66% of the company’s stock.
ExlService Trading Down 1.7%
ExlService (NASDAQ:EXLS – Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The company had revenue of $594.76 million for the quarter, compared to analyst estimates of $573.94 million. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. On average, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.82 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on EXLS. TD Cowen reissued a “buy” rating and set a $45.00 target price (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Barrington Research set a $43.00 price objective on ExlService in a report on Thursday, July 30th. Robert W. Baird set a $45.00 price objective on ExlService and gave the company an “outperform” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded ExlService from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Finally, Needham & Company LLC upped their target price on ExlService from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.
View Our Latest Analysis on ExlService
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.
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