Fenimore Asset Management Inc Sells 1,022,551 Shares of ExlService Holdings, Inc. $EXLS

Fenimore Asset Management Inc cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 59.6% in the third quarter, HoldingsChannel reports. The firm owned 694,432 shares of the business services provider’s stock after selling 1,022,551 shares during the period. Fenimore Asset Management Inc’s holdings in ExlService were worth $23,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Congress Asset Management Co. lifted its stake in shares of ExlService by 6.4% in the third quarter. Congress Asset Management Co. now owns 537,766 shares of the business services provider’s stock worth $18,488,000 after buying an additional 32,562 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of ExlService by 7.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 11,763 shares of the business services provider’s stock valued at $404,000 after acquiring an additional 810 shares during the period. Versant Capital Management Inc grew its stake in shares of ExlService by 14.6% in the third quarter. Versant Capital Management Inc now owns 2,261 shares of the business services provider’s stock valued at $78,000 after buying an additional 288 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of ExlService by 3.2% in the second quarter. QRG Capital Management Inc. now owns 14,604 shares of the business services provider’s stock valued at $378,000 after acquiring an additional 447 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in ExlService by 9.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,791 shares of the business services provider’s stock worth $201,000 after acquiring an additional 676 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXLS. Weiss Ratings upgraded shares of ExlService from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 2nd. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Barrington Research set a $43.00 target price on shares of ExlService in a research report on Thursday, July 30th. Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, TD Cowen reissued a “buy” rating and set a $45.00 price objective (up from $43.00) on shares of ExlService in a research note on Thursday, August 27th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

ExlService Price Performance

EXLS stock traded up $1.36 during trading on Thursday, reaching $36.87. 2,506,161 shares of the stock traded hands, compared to its average volume of 2,323,794. The firm has a market capitalization of $5.59 billion, a PE ratio of 23.19, a P/E/G ratio of 1.42 and a beta of 0.84. The business’s 50 day moving average price is $35.71 and its 200-day moving average price is $31.47. ExlService Holdings, Inc. has a 52-week low of $24.85 and a 52-week high of $43.88.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. ExlService had a return on equity of 30.61% and a net margin of 11.17%.The business had revenue of $594.76 million during the quarter, compared to analysts’ expectations of $573.94 million. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. On average, equities research analysts predict that ExlService Holdings, Inc. will post 1.82 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Vikas Bhalla sold 11,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $35.38, for a total transaction of $389,180.00. Following the completion of the sale, the insider directly owned 109,295 shares in the company, valued at $3,866,857.10. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is currently owned by insiders.

About ExlService

ExlService Holdings, Inc (NASDAQ: EXLS), commonly known as EXL, is a data analytics and digital operations company that helps organizations use data, artificial intelligence and technology to improve business performance. The company combines analytics, digital transformation and business process expertise to support decision-making, streamline operations and manage complex workflows.

EXL provides services and technology solutions across areas including insurance, healthcare, banking and capital markets, retail and consumer goods, utilities, media, travel and transportation.