Vanguard Personalized Indexing Management LLC Increases Position in ExlService Holdings, Inc. $EXLS

Vanguard Personalized Indexing Management LLC raised its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 66.7% in the second quarter, Holdings Channel reports. The fund owned 22,954 shares of the business services provider’s stock after buying an additional 9,183 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in ExlService were worth $1,005,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of ExlService by 48.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 147,081 shares of the business services provider’s stock valued at $7,028,000 after purchasing an additional 48,056 shares during the last quarter. QRG Capital Management Inc. increased its stake 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 worth $742,000 after acquiring an additional 559 shares during the last quarter. KBC Group NV raised its holdings in shares of ExlService by 13.4% during the 1st quarter. KBC Group NV now owns 7,466 shares of the business services provider’s stock worth $352,000 after acquiring an additional 883 shares during the period. GAMMA Investing LLC raised its holdings in shares of ExlService by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 3,510 shares of the business services provider’s stock worth $166,000 after acquiring an additional 599 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of ExlService by 1.9% during 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 acquiring an additional 286 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EXLS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ExlService in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Five 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $52.40.

Insider Activity

In related news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction dated 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 approximately $5,559,532.96. This represents a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.04% of the company’s stock.

ExlService Price Performance

ExlService stock opened at $40.34 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86. The company’s 50 day simple moving average is $43.00 and its 200-day simple moving average is $44.18. ExlService Holdings, Inc. has a 1 year low of $38.36 and a 1 year high of $52.43.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The company had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.