ExlService Holdings, Inc. $EXLS Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 77.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 180,678 shares of the business services provider’s stock after selling 613,655 shares during the period. Voya Investment Management LLC owned 0.11% of ExlService worth $7,955,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXLS. Securian Asset Management Inc. grew its position in shares of ExlService by 1.9% in the 2nd quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock worth $543,000 after acquiring an additional 228 shares in the last quarter. Huntington National Bank lifted its stake in ExlService by 14.4% during the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after purchasing an additional 246 shares during the last quarter. Blue Trust Inc. boosted its holdings in ExlService by 6.9% in the second quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock worth $171,000 after purchasing an additional 254 shares during the period. Jennison Associates LLC increased its stake in ExlService by 1.5% during 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 during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of ExlService by 6.0% during the second quarter. Concurrent Investment Advisors LLC now owns 8,962 shares of the business services provider’s stock worth $392,000 after purchasing an additional 507 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings lowered shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Wall Street Zen cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and an average price target of $54.50.

ExlService Stock Down 0.1%

EXLS stock opened at $43.32 on Wednesday. The stock has a market cap of $6.87 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 2.03 and a beta of 0.91. The firm’s 50-day simple moving average is $40.37 and its 200 day simple moving average is $42.49. ExlService Holdings, Inc. has a fifty-two week low of $37.30 and a fifty-two week high of $52.43. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, October 28th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. ExlService had a net margin of 11.91% and a return on equity of 25.60%. The firm had revenue of $529.59 million during the quarter, compared to analysts’ expectations of $522.35 million. During the same quarter in the prior year, the firm earned $0.44 EPS. ExlService’s quarterly 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 predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $39.99, for a total value of $470,842.26. Following the sale, the insider directly owned 115,272 shares in the company, valued at $4,609,727.28. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.04% of the stock is owned by company insiders.

ExlService Company Profile

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.