Hillsdale Investment Management Inc. Raises Holdings in ExlService Holdings, Inc. $EXLS

Hillsdale Investment Management Inc. increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 15.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 200,820 shares of the business services provider’s stock after purchasing an additional 26,820 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in ExlService were worth $6,115,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of EXLS. Transamerica Financial Advisors LLC lifted its position in ExlService by 285.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 678 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 502 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of ExlService by 57.2% in the fourth quarter. True Wealth Design LLC now owns 706 shares of the business services provider’s stock worth $30,000 after purchasing an additional 257 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of ExlService by 56.2% in the fourth quarter. Private Trust Co. NA now owns 717 shares of the business services provider’s stock worth $30,000 after purchasing an additional 258 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of ExlService in the fourth quarter worth $33,000. Finally, Hantz Financial Services Inc. increased its stake in shares of ExlService by 183.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,353 shares of the business services provider’s stock worth $57,000 after buying an additional 875 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 12,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $30.22, for a total value of $362,640.00. Following the completion of the transaction, the insider directly owned 153,295 shares of the company’s stock, valued at $4,632,574.90. This represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ajay Ayyappan sold 5,093 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $29.11, for a total transaction of $148,257.23. Following the completion of the sale, the executive vice president owned 48,994 shares of the company’s stock, valued at $1,426,215.34. This trade represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EXLS shares. TD Cowen reissued a “buy” rating and set a $39.00 price target (down from $45.00) on shares of ExlService in a research report on Thursday, July 9th. Weiss Ratings cut shares of ExlService from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. increased their target price on shares of ExlService from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Barrington Research reissued an “outperform” rating and issued a $40.00 target price on shares of ExlService in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.50.

ExlService Stock Performance

Shares of EXLS stock opened at $27.32 on Wednesday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.20 and a beta of 0.84. The stock has a fifty day moving average of $28.25 and a 200 day moving average of $32.09. ExlService Holdings, Inc. has a 52 week low of $24.85 and a 52 week high of $47.11. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. ExlService had a net margin of 11.66% and a return on equity of 28.50%. The business had revenue of $570.35 million for the quarter, compared to the consensus estimate of $557.67 million. During the same period in the previous year, the firm earned $0.48 EPS. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. ExlService has set its FY 2026 guidance at 2.180-2.230 EPS. As a group, research analysts expect that ExlService Holdings, Inc. will post 1.8 earnings per share for the current year.

ExlService declared that its board has authorized a share repurchase program on Tuesday, March 17th that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 2.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

ExlService Company 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.