Maryland State Retirement & Pension System Takes $337,000 Position in ExlService Holdings, Inc. $EXLS

Maryland State Retirement & Pension System bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,691 shares of the business services provider’s stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXLS. Whittier Trust Co. purchased a new stake in ExlService during the first quarter valued at approximately $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in ExlService during the first quarter valued at approximately $77,000. Morse Asset Management Inc increased its holdings in ExlService by 51.8% during the first quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock valued at $80,000 after buying an additional 575 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in ExlService by 25.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock valued at $85,000 after buying an additional 369 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in ExlService by 35.2% during the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider’s stock valued at $101,000 after buying an additional 555 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 8,000 shares of the stock in a transaction 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 completion of the transaction, the insider owned 127,046 shares in the company, valued at $5,559,532.96. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.04% of the stock is owned by company insiders.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $41.01 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a fifty day moving average price of $43.13 and a 200 day moving average price of $44.35. ExlService Holdings, Inc. has a fifty-two week low of $38.36 and a fifty-two week high of $52.43. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 1.87 and a beta of 0.86.

ExlService (NASDAQ:EXLS) last issued 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 during the quarter, compared to analyst estimates of $504.87 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. ExlService’s revenue for the quarter was up 14.7% on a year-over-year basis. ExlService has set its FY 2025 guidance at 1.860-1.900 EPS. As a group, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXLS. JPMorgan Chase & Co. reduced their price objective on shares of ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of ExlService in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.40.

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.