ExlService Holdings, Inc. $EXLS Shares Sold by Versor Investments LP

Versor Investments LP lowered its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 46.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,649 shares of the business services provider’s stock after selling 9,151 shares during the quarter. Versor Investments LP’s holdings in ExlService were worth $466,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System raised its stake in shares of ExlService by 51.8% in the 1st quarter. New York State Teachers Retirement System now owns 60,473 shares of the business services provider’s stock valued at $2,855,000 after acquiring an additional 20,636 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of ExlService in the 2nd quarter valued at $4,901,000. Ballentine Partners LLC purchased a new position in shares of ExlService in the 1st quarter valued at $304,000. Congress Asset Management Co. purchased a new position in shares of ExlService in the 2nd quarter valued at $7,584,000. Finally, Inspire Investing LLC raised its stake in shares of ExlService by 281.4% in the 2nd quarter. Inspire Investing LLC now owns 27,780 shares of the business services provider’s stock valued at $1,216,000 after acquiring an additional 20,497 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In other news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction dated 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 transaction, the insider directly owned 127,046 shares of the company’s stock, valued at approximately $5,559,532.96. The trade was a 5.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.04% of the company’s stock.

ExlService Price Performance

Shares of EXLS stock opened at $39.55 on Wednesday. The firm has a market cap of $6.28 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.77 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 3.15. ExlService Holdings, Inc. has a 1-year low of $37.30 and a 1-year high of $52.43. The firm has a fifty day moving average of $42.35 and a two-hundred day moving average of $43.86.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on EXLS shares. Wall Street Zen downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings downgraded shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

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.