Mackenzie Financial Corp Decreases Holdings in ExlService Holdings, Inc. $EXLS

Mackenzie Financial Corp lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 12.4% during the second quarter, HoldingsChannel.com reports. The fund owned 2,334,086 shares of the business services provider’s stock after selling 331,774 shares during the quarter. Mackenzie Financial Corp’s holdings in ExlService were worth $102,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new stake in ExlService during the first quarter worth $77,000. Caitong International Asset Management Co. Ltd increased its position 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 buying an additional 369 shares in the last quarter. Huntington National Bank raised its stake 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 buying an additional 246 shares during the last quarter. Vestcor Inc purchased a new stake in shares of ExlService in the 1st quarter worth about $106,000. Finally, Blue Trust Inc. grew its stake in ExlService by 6.9% in 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. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on EXLS. Wall Street Zen cut shares of ExlService from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, JPMorgan Chase & Co. dropped their price target on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the firm’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 sale, the insider directly owned 127,046 shares of the company’s stock, valued at approximately $5,559,532.96. This trade represents a 5.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.04% of the company’s stock.

ExlService Stock Down 0.2%

Shares of NASDAQ EXLS opened at $39.73 on Friday. The firm has a market cap of $6.31 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.15 and a current ratio of 2.91. ExlService Holdings, Inc. has a 1 year low of $37.30 and a 1 year high of $52.43. The firm’s 50 day moving average price is $40.85 and its 200 day moving average price is $43.09.

ExlService (NASDAQ:EXLS) last issued 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 company had revenue of $529.59 million during the quarter, compared to the consensus estimate of $522.35 million. During the same period in the previous year, the firm posted $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. As a group, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

ExlService 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.