Geode Capital Management LLC Has $149.40 Million Stock Position in ExlService Holdings, Inc. $EXLS

Geode Capital Management LLC cut its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 18.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,411,206 shares of the business services provider’s stock after selling 786,449 shares during the period. Geode Capital Management LLC’s holdings in ExlService were worth $149,397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXLS. Strategic Investment Solutions Inc. IL acquired a new position in shares of ExlService in the 1st quarter worth approximately $77,000. Caitong International Asset Management Co. Ltd raised its stake in ExlService by 25.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock worth $85,000 after buying an additional 369 shares during the last quarter. Huntington National Bank lifted its holdings in ExlService by 14.4% in the second quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after buying an additional 246 shares during the period. Vestcor Inc bought a new stake in ExlService during the first quarter valued at $106,000. Finally, Blue Trust Inc. grew its holdings in ExlService by 6.9% during the 2nd quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock worth $171,000 after acquiring an additional 254 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Price Performance

EXLS stock opened at $38.77 on Wednesday. The stock’s 50 day simple moving average is $41.43 and its 200 day simple moving average is $43.46. The company has a market cap of $6.15 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. 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 fifty-two week low of $37.30 and a fifty-two week high of $52.43.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.48 EPS 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 firm had revenue of $529.59 million during the quarter, compared to the consensus estimate of $522.35 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’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. On average, research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EXLS shares. Weiss Ratings downgraded ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

Insiders Place Their Bets

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the transaction, the insider owned 127,046 shares in the company, valued at approximately $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.04% of the company’s stock.

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.