Renaissance Group LLC Sells 21,145 Shares of ExlService Holdings, Inc. $EXLS

Renaissance Group LLC lessened its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 10.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 185,938 shares of the business services provider’s stock after selling 21,145 shares during the period. Renaissance Group LLC’s holdings in ExlService were worth $7,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXLS. Empowered Funds LLC boosted its position in shares of ExlService by 277.7% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of ExlService by 4.1% during the 1st 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 worth $23,486,000 after purchasing an additional 19,769 shares in the last quarter. Jane Street Group LLC bought a new position in shares of ExlService during the 1st quarter worth about $10,084,000. EverSource Wealth Advisors LLC boosted its position in shares of ExlService by 575.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,883 shares of the business services provider’s stock worth $126,000 after purchasing an additional 2,456 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of ExlService during the 2nd quarter worth about $1,704,000. Institutional investors own 92.92% of the company’s stock.

ExlService Trading Down 2.3%

NASDAQ:EXLS opened at $29.02 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.26 and a beta of 0.82. ExlService Holdings, Inc. has a 52 week low of $26.82 and a 52 week high of $48.54. The firm has a 50-day moving average price of $30.09 and a two-hundred day moving average price of $34.46.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $570.35 million during the quarter, compared to analyst estimates of $557.67 million. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. On average, equities analysts expect that ExlService Holdings, Inc. will post 1.79 earnings per share for the current fiscal year.

ExlService announced that its board has approved a stock buyback plan on Tuesday, March 17th that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barrington Research set a $40.00 price target on shares of ExlService and gave the company an “outperform” rating in a research report on Thursday, April 30th. TD Cowen dropped their price target on shares of ExlService from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target (down from $55.00) on shares of ExlService in a research report on Wednesday, February 25th. Robert W. Baird set a $35.00 price target on shares of ExlService in a research report on Wednesday, February 25th. Finally, Weiss Ratings cut shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.50.

Insider Activity

In other ExlService news, EVP Ajay Ayyappan sold 5,093 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $29.11, for a total value of $148,257.23. Following the completion of the sale, the executive vice president owned 48,994 shares in the company, valued at approximately $1,426,215.34. This trade represents a 9.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vikas Bhalla sold 12,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.22, for a total transaction of $362,640.00. Following the completion of the sale, the insider 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company’s stock.

About ExlService

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.