ExlService Holdings, Inc. $EXLS Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 37.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 268,448 shares of the business services provider’s stock after acquiring an additional 72,635 shares during the quarter. Retirement Systems of Alabama owned about 0.17% of ExlService worth $11,755,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXLS. Whittier Trust Co. acquired a new stake in ExlService during the 1st quarter worth about $45,000. Strategic Investment Solutions Inc. IL acquired a new stake in ExlService during the 1st quarter worth about $77,000. Morse Asset Management Inc lifted its position in ExlService by 51.8% during the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after acquiring an additional 575 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in ExlService by 25.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock worth $85,000 after acquiring an additional 369 shares during the period. Finally, Vestcor Inc acquired a new stake in ExlService during the 1st quarter worth about $106,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Price Performance

Shares of ExlService stock opened at $39.09 on Friday. The company has a quick ratio of 3.15, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. ExlService Holdings, Inc. has a twelve month low of $37.30 and a twelve month high of $52.43. The business has a 50-day moving average price of $42.53 and a 200 day moving average price of $43.95. The firm has a market cap of $6.31 billion, a PE ratio of 26.59, a P/E/G ratio of 1.77 and a beta of 0.86.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The firm had revenue of $529.59 million during the quarter, compared to analyst estimates of $522.35 million. During the same quarter in the previous year, the business earned $0.44 EPS. ExlService’s revenue for the quarter was up 12.2% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the transaction, the insider owned 127,046 shares in the company, valued at $5,559,532.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EXLS shares. Wall Street Zen lowered ExlService from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings lowered ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, JPMorgan Chase & Co. reduced their price objective on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.