Man Group plc Acquires Shares of 281,431 ExlService Holdings, Inc. $EXLS

Man Group plc purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the second quarter, Holdings Channel reports. The firm purchased 281,431 shares of the business services provider’s stock, valued at approximately $7,278,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Roberts Glore & Co. Inc. IL acquired a new stake in shares of ExlService during the 2nd quarter worth $363,000. Jupiter Topco LLC acquired a new position in ExlService in the second quarter valued at about $1,769,000. Hsbc Holdings PLC bought a new stake in ExlService during the second quarter worth about $8,391,000. Canada Pension Plan Investment Board bought a new stake in ExlService during the second quarter worth about $1,433,000. Finally, Legal & General Group Plc acquired a new stake in ExlService during the second quarter worth about $5,429,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on EXLS. Needham & Company LLC raised their target price on shares of ExlService from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Barrington Research set a $43.00 price target on shares of ExlService in a report on Thursday, July 30th. Robert W. Baird set a $45.00 price target on shares of ExlService and gave the stock an “outperform” rating in a research report on Thursday, July 30th. TD Cowen reissued a “buy” rating and issued a $45.00 price objective (up from $43.00) on shares of ExlService in a research note on Thursday. Finally, Weiss Ratings upgraded shares of ExlService from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.50.

Insider Transactions at ExlService

In other news, insider Vikas Bhalla sold 12,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $30.22, for a total transaction of $362,640.00. Following the completion of the transaction, the insider owned 153,295 shares of the company’s stock, valued at approximately $4,632,574.90. This trade represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.66% of the company’s stock.

ExlService Trading Up 0.6%

NASDAQ:EXLS opened at $38.40 on Friday. The stock has a market cap of $5.82 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 1.54 and a beta of 0.80. The stock’s 50-day moving average is $31.13 and its 200-day moving average is $30.46. ExlService Holdings, Inc. has a 1-year low of $24.85 and a 1-year high of $45.08.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. ExlService had a net margin of 11.17% and a return on equity of 30.61%. The business had revenue of $594.76 million during the quarter, compared to analyst estimates of $573.94 million. During the same quarter last year, the business earned $0.49 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. ExlService has set its FY 2026 guidance at 2.250-2.290 EPS. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.82 EPS for the current year.

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.