Axxcess Wealth Management LLC Has $265,000 Position in ExlService Holdings, Inc. $EXLS

Axxcess Wealth Management LLC cut its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 9.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,060 shares of the business services provider’s stock after selling 622 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ExlService were worth $265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. acquired a new position in ExlService during the 1st quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL acquired a new position in ExlService during the 1st quarter worth approximately $77,000. Morse Asset Management Inc increased its position in ExlService by 51.8% during the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after purchasing an additional 575 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in ExlService by 25.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock worth $85,000 after purchasing an additional 369 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in ExlService during the 1st quarter worth approximately $102,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Trading Up 1.7%

EXLS opened at $40.34 on Friday. ExlService Holdings, Inc. has a fifty-two week low of $38.36 and a fifty-two week high of $52.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.15 and a quick ratio of 3.15. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.85 and a beta of 0.86. The company’s 50 day moving average price is $43.00 and its two-hundred day moving average price is $44.19.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. During the same period in the previous year, the firm posted $0.40 EPS. The company’s revenue for the quarter 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, research analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of the company’s 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 sale, the insider directly 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.04% of the company’s stock.

Wall Street Analysts Forecast Growth

EXLS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ExlService in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and an average target price of $52.40.

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.