EFG Asset Management North America Corp. Buys 10,824 Shares of ExlService Holdings, Inc. $EXLS

EFG Asset Management North America Corp. boosted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,695 shares of the business services provider’s stock after acquiring an additional 10,824 shares during the period. EFG Asset Management North America Corp. owned 0.07% of ExlService worth $4,672,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in ExlService in the first quarter valued at $45,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of ExlService during the 1st quarter valued at $77,000. Morse Asset Management Inc boosted its holdings in shares of ExlService by 51.8% during the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock valued at $80,000 after buying an additional 575 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 valued at $85,000 after buying an additional 369 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of ExlService by 14.4% during the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after buying an additional 246 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the business’s 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 of the company’s stock, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.04% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $39.55 on Wednesday. ExlService Holdings, Inc. has a fifty-two week low of $37.30 and a fifty-two week high of $52.43. The business has a 50-day simple moving average of $42.35 and a two-hundred day simple moving average of $43.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.15 and a current ratio of 2.91. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.77 and a beta of 0.86.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The business 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 firm earned $0.44 EPS. ExlService’s revenue was up 12.2% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, ExlService currently has an average rating of “Moderate Buy” and an average target price of $54.50.

ExlService Company Profile

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.