Loomis Sayles & Co. L P Sells 93,655 Shares of ExlService Holdings, Inc. $EXLS

Loomis Sayles & Co. L P lowered its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 15.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 525,084 shares of the business services provider’s stock after selling 93,655 shares during the quarter. Loomis Sayles & Co. L P’s holdings in ExlService were worth $22,993,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in ExlService during the 1st quarter valued at about $77,000. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 valued at $85,000 after buying an additional 369 shares during the period. Huntington National Bank grew its stake in shares of ExlService by 14.4% during 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 last quarter. Vestcor Inc bought a new position in shares of ExlService during the first quarter valued at approximately $106,000. Finally, Blue Trust Inc. raised its holdings in shares of 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 buying an additional 254 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the sale, the insider directly owned 127,046 shares of the company’s stock, valued at $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.04% of the stock is owned by insiders.

ExlService Stock Down 0.2%

Shares of NASDAQ:EXLS opened at $39.73 on Friday. The business’s 50 day moving average is $40.85 and its 200 day moving average is $43.09. The stock 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. ExlService Holdings, Inc. has a 52-week low of $37.30 and a 52-week high of $52.43. The company has a quick ratio of 3.15, a current ratio of 2.91 and a debt-to-equity ratio of 0.43.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The business had revenue of $529.59 million during the quarter, compared to analyst estimates of $522.35 million. During the same period in the previous year, the company 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. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

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

ExlService Company 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.