Envestnet Asset Management Inc. Has $25.56 Million Stake in ExlService Holdings, Inc. $EXLS

Envestnet Asset Management Inc. decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 583,654 shares of the business services provider’s stock after selling 11,019 shares during the period. Envestnet Asset Management Inc. owned approximately 0.36% of ExlService worth $25,558,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. acquired a new position in shares of ExlService during the first quarter valued at about $45,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ExlService in the 1st quarter worth about $77,000. Morse Asset Management Inc raised its holdings in shares of ExlService by 51.8% in the 1st quarter. Morse Asset Management Inc now owns 1,685 shares of the business services provider’s stock worth $80,000 after acquiring an additional 575 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of ExlService by 25.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,803 shares of the business services provider’s stock worth $85,000 after acquiring an additional 369 shares during the last quarter. Finally, Vestcor Inc purchased a new stake in ExlService in the 1st quarter valued at about $106,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Up 0.2%

Shares of NASDAQ:EXLS opened at $39.16 on Tuesday. The firm has a fifty day moving average price of $42.43 and a two-hundred day moving average price of $43.90. 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 one year low of $37.30 and a one year high of $52.43. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.77 and a beta of 0.86.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 8,000 shares of the firm’s stock in a transaction dated 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. This trade represents a 5.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.04% of the company’s stock.

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.