Strs Ohio Grows Stock Holdings in ExlService Holdings, Inc. $EXLS

Strs Ohio increased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 21.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,615 shares of the business services provider’s stock after purchasing an additional 8,215 shares during the period. Strs Ohio’s holdings in ExlService were worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Amalgamated Bank boosted its position in ExlService by 15.3% during the 2nd quarter. Amalgamated Bank now owns 81,534 shares of the business services provider’s stock worth $3,570,000 after purchasing an additional 10,848 shares during the period. Retirement Systems of Alabama boosted its position in shares of ExlService by 37.1% in the second quarter. Retirement Systems of Alabama now owns 268,448 shares of the business services provider’s stock worth $11,755,000 after buying an additional 72,635 shares during the period. Yorktown Management & Research Co Inc boosted its position in shares of ExlService by 49.6% in the second quarter. Yorktown Management & Research Co Inc now owns 18,100 shares of the business services provider’s stock worth $793,000 after buying an additional 6,000 shares during the period. Jennison Associates LLC boosted its position in shares of ExlService by 1.5% in the second quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock worth $853,000 after buying an additional 288 shares during the period. Finally, Tevis Investment Management boosted its holdings in ExlService by 9.2% in the 2nd quarter. Tevis Investment Management now owns 8,766 shares of the business services provider’s stock worth $384,000 after acquiring an additional 742 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 of the company’s stock, valued at $5,559,532.96. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen cut ExlService from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. decreased 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. Finally, Weiss Ratings downgraded shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

ExlService Stock Performance

ExlService stock opened at $39.55 on Wednesday. The stock has a market cap of $6.28 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.77 and a beta of 0.86. The company has a current ratio of 2.91, a quick ratio of 3.15 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $42.35 and a 200-day moving average of $43.86. ExlService Holdings, Inc. has a 52 week low of $37.30 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS) last issued its quarterly 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 business had revenue of $529.59 million for the quarter, compared to analysts’ expectations of $522.35 million. During the same quarter last year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

ExlService 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.