Truist Financial Corp Acquires 982 Shares of ExlService Holdings, Inc. $EXLS

Truist Financial Corp boosted its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLSFree Report) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,268 shares of the business services provider’s stock after acquiring an additional 982 shares during the period. Truist Financial Corp’s holdings in ExlService were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of ExlService by 48.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider’s stock valued at $7,028,000 after buying an additional 48,056 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of ExlService by 3.7% in the 1st quarter. QRG Capital Management Inc. now owns 15,713 shares of the business services provider’s stock valued at $742,000 after buying an additional 559 shares in the last quarter. KBC Group NV boosted its holdings in shares of ExlService by 13.4% in the 1st quarter. KBC Group NV now owns 7,466 shares of the business services provider’s stock valued at $352,000 after buying an additional 883 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ExlService by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider’s stock valued at $713,000 after buying an additional 286 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of ExlService by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider’s stock valued at $166,000 after buying an additional 599 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 127,046 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Corporate insiders own 4.04% of the company’s stock.

ExlService Stock Performance

Shares of ExlService stock opened at $41.25 on Monday. The firm has a market capitalization of $6.66 billion, a P/E ratio of 28.65, a PEG ratio of 1.89 and a beta of 0.86. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $43.19 and a 200 day moving average price of $44.41. ExlService Holdings, Inc. has a 52 week low of $38.36 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLSGet Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $514.46 million during the quarter, compared to analyst estimates of $504.87 million. ExlService had a net margin of 12.00% and a return on equity of 25.38%. ExlService’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of ExlService in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased 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. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $51.33.

Check Out Our Latest Research Report on EXLS

ExlService Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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