Mitsubishi UFJ Asset Management Co. Ltd. Has $943,000 Stake in ExlService Holdings, Inc. $EXLS

Mitsubishi UFJ Asset Management Co. Ltd. reduced its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,534 shares of the business services provider’s stock after selling 2,644 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in ExlService were worth $943,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Whittier Trust Co. bought a new stake in ExlService during the 1st quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of ExlService in the first quarter valued at approximately $77,000. Morse Asset Management Inc increased its position in shares of ExlService by 51.8% during the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after acquiring an additional 575 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of ExlService by 25.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock worth $85,000 after acquiring an additional 369 shares during the period. Finally, Huntington National Bank lifted its position in ExlService by 14.4% in the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 246 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the subject of a number of research reports. Weiss Ratings cut ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. JPMorgan Chase & Co. decreased their price objective on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Finally, Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and an average target price of $54.50.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total value of $350,080.00. Following the completion of the sale, the insider owned 127,046 shares in the company, valued at $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.04% of the company’s stock.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $39.71 on Friday. The stock has a 50 day moving average price of $41.65 and a 200 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. 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 stock has a market capitalization of $6.30 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $529.59 million for the quarter, compared to analyst estimates of $522.35 million. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.