Bank of Montreal Can Has $1.09 Million Stake in ExlService Holdings, Inc. $EXLS

Bank of Montreal Can decreased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 8.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,982 shares of the business services provider’s stock after selling 2,272 shares during the quarter. Bank of Montreal Can’s holdings in ExlService were worth $1,094,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in ExlService by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 6,704,937 shares of the business services provider’s stock valued at $316,540,000 after acquiring an additional 1,943,471 shares during the period. Geneva Capital Management LLC lifted its position in shares of ExlService by 7.7% in the 2nd quarter. Geneva Capital Management LLC now owns 5,013,398 shares of the business services provider’s stock worth $219,537,000 after acquiring an additional 357,833 shares during the period. Boston Trust Walden Corp grew its holdings in shares of ExlService by 1.7% during the 2nd quarter. Boston Trust Walden Corp now owns 2,746,208 shares of the business services provider’s stock worth $120,256,000 after purchasing an additional 47,162 shares in the last quarter. Nuveen LLC bought a new stake in shares of ExlService during the first quarter valued at approximately $91,114,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of ExlService by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,741,156 shares of the business services provider’s stock valued at $82,201,000 after purchasing an additional 9,020 shares during the period. Institutional investors own 92.92% of the company’s stock.

ExlService Trading Down 0.4%

Shares of EXLS opened at $39.71 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.15 and a current ratio of 2.91. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.77 and a beta of 0.90. The stock has a fifty day moving average price of $41.65 and a two-hundred day moving average price of $43.61. ExlService Holdings, Inc. has a 52-week low of $37.30 and a 52-week high of $52.43.

ExlService (NASDAQ:EXLS) last announced 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 company had revenue of $529.59 million during the quarter, compared to analyst estimates of $522.35 million. During the same period last year, the company posted $0.44 earnings per share. The firm’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. Analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the company’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 transaction, the insider directly owned 127,046 shares in the company, valued at approximately $5,559,532.96. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXLS. Wall Street Zen upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Weiss Ratings lowered shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, JPMorgan Chase & Co. decreased their target price 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

About ExlService

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.