Fifth Third Bancorp Sells 330 Shares of ExlService Holdings, Inc. $EXLS

Fifth Third Bancorp cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 15.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,801 shares of the business services provider’s stock after selling 330 shares during the period. Fifth Third Bancorp’s holdings in ExlService were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in EXLS. Wealth Enhancement Advisory Services LLC raised its position in shares of ExlService by 11.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,826 shares of the business services provider’s stock worth $658,000 after acquiring an additional 1,481 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of ExlService by 5,592.4% in the 1st quarter. GAMMA Investing LLC now owns 165,707 shares of the business services provider’s stock valued at $7,823,000 after buying an additional 162,796 shares during the period. Rhumbline Advisers grew its stake in shares of ExlService by 1.6% in the 1st quarter. Rhumbline Advisers now owns 535,913 shares of the business services provider’s stock valued at $25,300,000 after buying an additional 8,469 shares during the period. NBC Securities Inc. grew its stake in shares of ExlService by 88,920.7% in the 1st quarter. NBC Securities Inc. now owns 25,816 shares of the business services provider’s stock valued at $1,218,000 after buying an additional 25,787 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of ExlService by 40.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,501 shares of the business services provider’s stock valued at $307,000 after buying an additional 1,858 shares during the period. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of ExlService stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $43.76, for a total transaction of $350,080.00. Following the transaction, the insider owned 127,046 shares of the company’s stock, valued at $5,559,532.96. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.04% of the company’s stock.

ExlService Price Performance

EXLS stock opened at $43.71 on Thursday. The company has a market capitalization of $7.06 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. ExlService Holdings, Inc. has a 52-week low of $37.88 and a 52-week high of $52.43. The business has a 50-day simple moving average of $43.21 and a two-hundred day simple moving average of $44.66.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $514.46 million during the quarter, compared to the consensus estimate of $504.87 million. ExlService had a return on equity of 25.38% and a net margin of 12.00%.The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. Research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.33.

About ExlService

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.