Wealth Enhancement Advisory Services LLC Reduces Stock Position in ExlService Holdings, Inc. $EXLS

Wealth Enhancement Advisory Services LLC cut its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,504 shares of the business services provider’s stock after selling 608 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ExlService were worth $657,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Balboa Wealth Partners grew its position in shares of ExlService by 5.0% in the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider’s stock worth $243,000 after acquiring an additional 244 shares in the last quarter. Xponance Inc. grew its position in shares of ExlService by 1.2% in the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider’s stock worth $1,116,000 after acquiring an additional 270 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted 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 valued at $85,000 after purchasing an additional 369 shares during the period. State of Michigan Retirement System boosted its position in ExlService by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider’s stock valued at $1,818,000 after purchasing an additional 400 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in ExlService by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the business services provider’s stock valued at $2,129,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Down 0.9%

Shares of ExlService stock opened at $43.07 on Friday. The stock’s fifty day moving average is $43.24 and its 200-day moving average is $44.61. The firm has a market capitalization of $6.96 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a 12-month low of $38.26 and a 12-month high of $52.43.

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

Insiders Place Their Bets

In related news, insider Vikas Bhalla sold 8,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $43.76, for a total transaction of $350,080.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on 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 restated a “buy (b-)” rating on shares of ExlService in a research report on Saturday, September 27th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.33.

ExlService Company 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.