Public Employees Retirement System of Ohio Takes $1.14 Million Position in ExlService Holdings, Inc. $EXLS

Public Employees Retirement System of Ohio acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the second quarter, Holdings Channel reports. The firm acquired 44,025 shares of the business services provider’s stock, valued at approximately $1,138,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXLS. Empowered Funds LLC boosted its holdings in shares of ExlService by 277.7% in the 1st quarter. Empowered Funds LLC now owns 17,384 shares of the business services provider’s stock valued at $821,000 after buying an additional 12,781 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in ExlService by 4.1% during the first 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 valued at $23,486,000 after acquiring an additional 19,769 shares during the last quarter. Jane Street Group LLC acquired a new stake in ExlService in the first quarter valued at approximately $10,084,000. EverSource Wealth Advisors LLC grew its holdings in ExlService by 575.2% in the second 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 during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of ExlService in the 2nd quarter worth $1,704,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EXLS shares. TD Cowen reaffirmed a “buy” rating and set a $45.00 target price (up from $43.00) on shares of ExlService in a research report on Thursday, August 27th. Needham & Company LLC upped their price objective on shares of ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Barrington Research set a $43.00 target price on shares of ExlService in a research note on Thursday, July 30th. Robert W. Baird set a $45.00 target price on shares of ExlService and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of ExlService from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 2nd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Insider Activity

In other news, insider Vikas Bhalla sold 11,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $34.99, for a total value of $384,890.00. Following the sale, the insider owned 130,295 shares in the company, valued at $4,559,022.05. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.66% of the stock is currently owned by company insiders.

ExlService Trading Down 3.0%

Shares of NASDAQ:EXLS opened at $35.52 on Wednesday. ExlService Holdings, Inc. has a twelve month low of $24.85 and a twelve month high of $44.33. The company’s 50 day moving average is $32.69 and its 200 day moving average is $30.78. The company has a market cap of $5.39 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.47 and a beta of 0.81.

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

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.