RiverPark Advisors LLC Sells 1,496 Shares of ExlService Holdings, Inc. $EXLS

RiverPark Advisors LLC trimmed its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 18.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,427 shares of the business services provider’s stock after selling 1,496 shares during the period. RiverPark Advisors LLC’s holdings in ExlService were worth $281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Securian Asset Management Inc. lifted its position in shares of ExlService by 1.9% in the second quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock worth $543,000 after buying an additional 228 shares in the last quarter. Huntington National Bank raised 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 worth $86,000 after acquiring an additional 246 shares in the last quarter. Blue Trust Inc. boosted its position in shares of ExlService by 6.9% during the 2nd quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 254 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of ExlService by 1.5% in the second quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock valued at $853,000 after purchasing an additional 288 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of ExlService by 25.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 369 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total value of $350,080.00. Following the transaction, the insider owned 127,046 shares of the company’s stock, valued at $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.04% of the company’s stock.

Analysts Set New Price Targets

EXLS has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. reduced 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. Finally, Weiss Ratings downgraded shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

ExlService Stock Up 2.3%

Shares of NASDAQ:EXLS opened at $39.74 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 3.15. The business has a 50 day simple moving average of $41.03 and a two-hundred day simple moving average of $43.21. ExlService Holdings, Inc. has a 1 year low of $37.30 and a 1 year high of $52.43. The firm has a market capitalization of $6.31 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating 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 company had revenue of $529.59 million during the quarter, compared to analysts’ expectations of $522.35 million. During the same quarter in the previous year, the business earned $0.44 EPS. ExlService’s revenue was up 12.2% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

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.