Moran Wealth Management LLC Buys Shares of 48,417 ExlService Holdings, Inc. $EXLS

Moran Wealth Management LLC purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the third quarter, Holdings Channel.com reports. The firm purchased 48,417 shares of the business services provider’s stock, valued at approximately $2,132,000.

Other large investors have also made changes to their positions in the company. Securian Asset Management Inc. raised its position in ExlService by 1.9% during the second quarter. Securian Asset Management Inc. now owns 12,390 shares of the business services provider’s stock valued at $543,000 after acquiring an additional 228 shares in the last quarter. Huntington National Bank increased its stake in shares of ExlService by 14.4% during the 2nd quarter. Huntington National Bank now owns 1,953 shares of the business services provider’s stock worth $86,000 after purchasing an additional 246 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of ExlService by 6.9% during the 2nd quarter. Blue Trust Inc. now owns 3,914 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 254 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of ExlService by 1.5% during the 2nd quarter. Jennison Associates LLC now owns 19,477 shares of the business services provider’s stock valued at $853,000 after purchasing an additional 288 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of ExlService by 6.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 8,962 shares of the business services provider’s stock valued at $392,000 after purchasing an additional 507 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 11,774 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total transaction of $470,842.26. Following the completion of the transaction, the insider directly owned 115,272 shares in the company, valued at $4,609,727.28. This represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.04% of the company’s stock.

ExlService Trading Down 0.0%

ExlService stock opened at $42.68 on Friday. 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 2.91 and a current ratio of 2.91. The firm has a market capitalization of $6.77 billion, a PE ratio of 29.03, a PEG ratio of 1.72 and a beta of 0.91. The business’s 50-day simple moving average is $40.92 and its 200-day simple moving average is $42.19.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen upgraded ExlService from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. TD Cowen cut their price objective on ExlService from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Weiss Ratings cut ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.80.

ExlService Profile

ExlService Holdings, Inc (NASDAQ: EXLS) is a global operations management and analytics company that partners with clients in insurance, healthcare, banking, and financial services to drive digital transformation and operational excellence. The firm delivers analytics-driven solutions and business process outsourcing services, including claims adjudication, finance and accounting, data management, and customer service support. ExlService combines domain expertise with advanced analytics, artificial intelligence, and automation technologies to help organizations optimize processes, enhance customer experiences, and manage risk.

Founded in 1999 and headquartered in New York City, ExlService has grown through a mix of organic expansion and strategic acquisitions, earning recognition for its data analytics capabilities and industry-specific knowledge.